Message to INFODIO readers: investigative journalism, which is what this site does, takes time. Lots of time. Time is money. Visitors from banks' compliance departments, media, academia, and law enforcement, are encouraged to donate generously to our efforts. Media, lifting stuff from here and reprinting as breaking news, ought to remember how untenable it is to try to beat chronology. To all readers, do the right thing, the honest thing: support independent investigative journalism, help us expose rampant corruption.

Sources: Swiss court rules for PDVSA in criminal case against Helsinge

A penal court in Geneva has ruled in favour of PDVSA in case brought against Helsinge, according to sources. A criminal investigation was launched in early March this year, following complaint filed on 13 February with Geneva's Public Prosecutor's Office by Swiss law firm Canonica Valticos de Preux. It remains to be seen how the ruling will affect energy trading houses Glencore, Trafigura, Vitol, Lukoil and others involved with Helsinge, and indeed the Florida case of PDVSA US litigation Trust. Equally interesting will be to see how this probe will expose Julius Baer, Credit Suisse and Swiss bankers involved.

Developing...

Tags

Add to Breaking news
Off