Swiss Bank Ensnared in Venezuelan Graft Probe

Finews.com | Oct 1, 2020 at 5:22 PM
  • A tiny Ticino-based lender is the latest Swiss bank to pop up in the trillion-dollar PDVSA graft scandal.
  • The Finma probe was first reported by «infodio,» a website devoted to graft at Venezuela’s state-controlled oil and gas firm.
  • PDVSA represents the largest money laundering scandal to hit Switzerland in decades: «infodio» calculates that $1.5 billion disappeared from the oil company’s coffers between 2002 and 2014.