The Local Switzerland

Credit Suisse to pay US $77 million to settle Chinese princelings probe

Fri, 06 Jul 2018 12:29:54 +0200

Credit Suisse agreed to pay $77 million to US authorities after admitting it hired the under-qualified relatives of influential Chinese officials in order to win business, the government announced on Thursday.

Swiss convict Brazilian construction giant in bribery case

Thu, 22 Dec 2016 09:56:54 +0100

Swiss prosecutors on Wednesday said they had ordered Brazilian construction giant Odebrecht and its subsidiaries to pay nearly $200 million in connection with the corruption scandal at the Petrobras state oil company.

Swiss lift firm in Chinese corruption probe

Fri, 25 Sep 2015 13:58:15 +0200

Chinese authorities are investigating two managers of Swiss lift and escalator maker Schindler over possible embezzlement and bribery, the company said, the latest foreign firm caught up in a corruption crackdown.

Swiss banker on trial over Alstom slush fund

Mon, 11 Apr 2011 19:39:00 +0200

A Swiss banker went on trial in Switzerland's highest criminal court on Monday on charges of running slush funds allegedly used by French engineering giant Alstom to bribe foreign

officials.