Swiss officials have found around CHF9 billion ($10 billion) linked to Venezuela on hundreds of bank accounts in Switzerland, Le Matin Dimanche reports.
This content was published on
1 minute
Keystone-SDA/SMD/SonntagsZeitung/ilj
Español
es
Miles de millones de ‘fondos sospechosos’ de Venezuela en bancos suizos
It says that this makes Venezuela “the largest source of suspicious funds in Swiss banks”.
The newspaper says this has been confirmed by a series of investigations opened in Zurich in autumn 2019. A version of the article also appears online in the SonntagsZeitungExternal link.
Le Matin DimancheExternal link said the money had come from embezzled public funds in Venezuela and quoted a Zurich police spokesman as saying that the money had been spread over hundreds of accounts in around 30 banks.
This would mean that one in eight Swiss banks would be affected, the newspaper said.
The Zurich public prosecutors’ office did not immediately respond to requests for comment, Bloomberg saidExternal link.
Related Stories
Popular Stories
More
International Geneva
A Geneva-based global health foundation came close to ‘collapse’. Where were regulators?
12,000 fish to be transferred by helicopter in Swiss river cleanup operation
This content was published on
Some 12,000 fish are being removed from the River Spöl in the Swiss National Park. This operation is necessary before cleaning up the riverbed, which was contaminated by PCBs during maintenance work in 2016.
Swiss parliament approves due diligence for high-risk consultancy activities
This content was published on
On Thursday, the House of Representatives accepted the draft of the Senate, which was largely watered down compared to the government's original proposal.
Zurich Film Festival will show 114 films and honour Russell Crowe
This content was published on
The 21st Zurich Film Festival (ZFF) will screen 114 films, including 16 Swiss productions and 41 European or world premieres, from 25 September to 5 October. Actor Russell Crowe will receive an honorary lifetime achievement award.
Emergency financial aid authorised for Swiss village buried by landslide
This content was published on
The Valais Grand Council gives the green light for a solidarity contribution of CHF 10 million for the village of Blatten, which was destroyed by the landslide. The aid is to benefit the population, companies and associations.
New attempt to regulate assisted suicide in Switzerland fails
This content was published on
Assisted suicide will not be regulated in Switzerland. On Thursday, the Senate rejected a motion from its Legal Affairs Committee.
Risk of sepsis is underestimated in Switzerland, warn experts
This content was published on
In Switzerland, over 20,000 people are hospitalised with sepsis every year. Around 4,000 die as a result, as a new report from the Swiss Sepsis Programme shows.
Swiss SME sentiment remains stable despite steep US tariffs
This content was published on
Despite the high US tariffs, the mood among Swiss SMEs has hardly deteriorated. However, two thirds of export-oriented companies have now adjusted their export strategy, with one in ten even questioning it as a whole.
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Swiss oil traders and banks burned by Venezuela ties
This content was published on
Several Swiss companies and banks have found themselves in the line of fire as the United States ramps up pressure on the Venezuelan government.
Switzerland organises humanitarian aid flight to Venezuela
This content was published on
Switzerland has flown nearly 100 tonnes of relief aid, mainly medical supplies, to Venezuela to help fight the coronavirus pandemic.
This content was published on
Venezuela is illegally mining and trading in gold, and Switzerland could be one of its clients, according to Swiss media reports.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.