Corporate bribe money frozen

Swiss authorities have frozen SFr160 million ($203 million) in suspected bribes and assets given by companies for securing contracts, the Sonntag newspaper reports.

This content was published on August 21, 2011 minutes and agencies

The Federal Prosecutor’s Office told the newspaper on Sunday that the funds were deposited in Swiss accounts over the past four years by multinational companies for the purpose of bribing officials around the world to secure contracts.

A spokesman for the Prosecutor’s Office confirmed the information to the Swiss News Agency.  

The bribes came in the form of cash or gifts such as holiday homes.

Around ten foreign civil servants were involved, the newspaper said. The report didn't name any individual companies.

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