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.
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