Julio Faerman allegedly bought the apartment with cash linked to money laundering

A high court judge has allowed the seizure of a £5m luxury London apartment allegedly bought by a Brazilian businessman using “corrupt funds” linked to the multibillon-dollar Petrobras “Operation Carwash” money-laundering scandal.

Judge Johannah Cutts accepted that, as part of an investigation, the Serious Fraud Office (SFO) could seize a Kensington property linked to Julio Faerman. Faerman is a middleman accused of funnelling tens of millions of dollars into Swiss bank accounts as part of a long-running and elaborate bribery scheme at the Brazilian state-run oil company.

Continue reading...

Powered by WPeMatico

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.