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 multibillion-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 funneling 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.
The Petrobras bribery scandal rocked Brazil’s political and business establishment as an investigation found it involved more than 80 politicians and members of the country’s business elite.
The original full article can be found at theguardian.com
(Picture: REUTERS/Sergio Moraes)