Safra Sarasin Private Bank And Former Asset Manager Sentenced

2025-08-22 02:12:43

(MENAFN- Swissinfo) The Office of the Attorney General of Switzerland has fined private bank J. Safra Sarasin CHF3.5 million ($4.3 million) for aggravated money laundering. A former bank employee received a six-month suspended prison sentence in the same case. This content was published on August 22, 2025 - 16:25 3 minutes Keystone-SDA

Français fr Safra Sarasin et une ex-gérante de fortune condamnées Original Read more: Safra Sarasin et une ex-gérante de fortune condamnée

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J. Safra Sarasin also paid a settlement of CHF16 million to the Brazilian oil giant Petrobras, the plaintiff in the case.

This conviction is linked to the international corruption case known as“Lava Jato”, involving Petrobras, the attorney general's office said in a statement on Friday.

In 2018, Swiss courts opened a criminal investigation against the Basel-based Bank J. Safra Sarasin, one of its former asset managers and unknown persons for“suspected complicity in the bribery of foreign public officials and aggravated money laundering” committed between November 2011 and July 2014, the office said.

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