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Feb 21 • 5 tweets • 1 min read
NEW: OCCRP and @IrpiMedia reveal how a suspected money launderer for the ‘Ndrangheta stashed a small fortune in secret accounts at Credit Suisse. #SuisseSecrets 1/
occrp.org/en/suisse-secr…
Antonio Velardo, an Italian real estate developer, was suspected of laundering money for the ‘Ndrangheta, Italy’s largest mafia-type organization, through a Calabrian seaside apartment complex. 2/
Investors lost millions when authorities seized the ‘Jewel of the Sea’ development mid-way through construction in 2013. Both Velardo and his business partner, a convicted IRA bomber, were later cleared of related charges. 3/
Now, we can show how Velardo hid millions from investigators by stashing funds in accounts held at Credit Suisse. 4/
A lawyer who represented the victims of the scheme said his clients would be “disgusted to learn that Velardo has lined his pockets” through his accounts with the scandal-ridden Swiss lender. 5/

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More from @OCCRP

Organized Crime and Corruption Reporting Project Profile picture
Feb 23
#SuisseSecrets: OCCRP reveals how the sons of an Azeri despot received millions from shell companies tied to two massive money laundering systems at multiple foreign banks, including Credit Suisse. 1/ occrp.org/en/suisse-secr…
Seymur and Rza Talibov — sons of Vasif Talibov, ruler of the autonomous exclave of Nakhchivan — received multiple suspicious transfers to their Credit Suisse accounts between 2007 and 2012. 2/ Image
The wire transfers came from shell firms that were not only part of the #AzerbaijaniLaundromat and #TroikaLaundromat — massive money laundering schemes uncovered by OCCRP — but also figured in a human trafficking investigation in Bosnia. 3/
Read 6 tweets
Organized Crime and Corruption Reporting Project Profile picture
Feb 22
NEW: A prominent Taiwanese politician had a Credit Suisse account that could provide critical information on a corrupt $2.5b deal for naval ships.

A #SuisseSecrets story from OCCRP and @lemondefr [Thread]👇
occrp.org/en/suisse-secr…
Background on the Corruption Case: The “Lafayette” scandal started when Taiwan bought six navy frigates from a French state-backed defense firm three decades ago for $2.5b.

Some $520m in kickbacks are believed to have been paid out to officials in Taiwan, France, and China. 2/
Last year, Switzerland agreed to return $266m in “illegal commissions” on the deal that were stashed in Swiss bank accounts.

But authorities say they were unaware of a Swiss account exposed in today’s investigation. 3/
Read 7 tweets
Organized Crime and Corruption Reporting Project Profile picture
Feb 22
#SuisseSecrets: Leaked records show how Credit Suisse played a role as a fugitive family siphoned over $100m from one of Ukraine’s largest agricultural companies, which affected investors throughout Europe. [Thread] 👇
occrp.org/en/suisse-secr…
2) The collapse of Mriya Agro Holding shook investors throughout Europe, including in Germany where the gov’t bailed out Deutsche Bank and two other firms affected by the fallout.

But its owners, the Guta family, walked away with a fortune. cdn.occrp.org/projects/suiss…
3) The Gutas are wanted in Ukraine for using Mriya Agro Holdings to buy shares — at wildly inflated prices — in Cypriot shell companies through BVI firms, which they also owned.

Our investigation reveals that Credit Suisse played a role in this scam. Image
Read 8 tweets
Organized Crime and Corruption Reporting Project Profile picture
Feb 21
NEW: In the years before the Arab Spring, Credit Suisse allowed ruling elites, including the sons of Hosni Mubarak, to maintain bank accounts worth hundreds of millions of dollars.

Another #SuisseSecrets Thread 👇occrp.org/en/suisse-secr…
2) Swiss authorities reported a surge in "suspicious transactions" from Arab countries in 2011, which they partly attributed to the Arab Spring.

Suisse Secrets gives new insight into the funds held by Arab elites at one Swiss bank.
3) Reporters found that the sons of Egyptian President Hosni Mubarak have held at least six accounts at Credit Suisse between them, one with a maximum balance worth over 277 million Swiss francs — about $197.5 million at the time.
cdn.occrp.org/projects/suiss…
Read 5 tweets
Organized Crime and Corruption Reporting Project Profile picture
Feb 21
NEW: It’s been four years since 27-year-old investigative journalist Ján Kuciak and his fiancée Martina Kušnírova were murdered in a Slovak village.

Having worked with Ján, we mourn them still. Here’s how their deaths changed the country. #allforjan 1/ occrp.org/en/a-journalis…
Read our previous investigation about Marian Kočner, the businessman accused of ordering the murders.

Documents obtained from the police probe show how, for decades, he used cash and kompromat to bend the country's legal system to his will. 2/
occrp.org/en/a-journalis…
In another investigation, Kočner’s text messages, backed by court testimony, provided an inside look into how he kept Slovak judges in the palm of his hand. 3/
occrp.org/en/a-journalis…
Read 4 tweets
Organized Crime and Corruption Reporting Project Profile picture
Feb 20
#SuisseSecrets: Today, OCCRP, @ArmandoInfo and @EfectoCocuyo reveal how powerful Venezuelans accused of looting the country’s state-owned oil company stashed their fortunes at Credit Suisse. 1/
occrp.org/en/suisse-secr…
Using court documents from Spain, the U.S. and Andorra, reporters identified 20 key players from four corruption schemes at Petróleos de Venezuela, S.A., once the jewel in the crown of Venezuela’s oil-dependent economy. 2/
Combing through thousands of banking records leaked from inside the scandal-ridden Swiss lender, we found well over USD$270m in 25 accounts belonging to these figures, their families and associates -- almost all of which were opened during the height of plunder at PDVSA. 3/
Read 4 tweets

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