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Mar 14 • 5 tweets • 2 min read
NEW: Scandal-hit banker Álvaro Sobrinho is linked to a scheme to siphon hundreds of millions of dollars from a social housing project in Angola.

Around the same time Sobrinho set up three Credit Suisse accounts. #SuisseSecrets
occrp.org/en/suisse-secr…
Sobrinho gained notoriety in 2014 when Banco Espirito Santo Angola, where he was CEO, was dismantled with billions in debts.

This story reveals BESA’s ties to a scheme that allegedly embezzled from a project to build 1M affordable homes in Angola. 2/ cdn.occrp.org/projects/suiss…
Documents obtained by OCCRP show at least eleven of Sobrinho’s accounts at Credit Suisse are now being investigated by Portuguese prosecutors over the scandal.

One of these held at least 78 million Swiss francs, and three were set up at the time of the alleged scam. 3/
One expert told OCCRP: “It is clear to everyone that Banco Espirito Santo Angola was used to fund the Angolan kleptocracy. No one is accountable, and no one seems to care.” 4/
This was a collaborative investigation between OCCRP and @expresso. You can find all of our into the Swiss lender here: occrp.org/en/suisse-secr…

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More from @OCCRP

Organized Crime and Corruption Reporting Project Profile picture
Mar 9
NEW: New analysis of leaked bank data reveals almost $2B worth of suspicious payments by companies linked to Swiss mining giant Solway, which were made through Estonian accounts with Swedbank and Danske Bank. 1/
occrp.org/en/investigati…
Reporters identified close to two dozen firms that made 1,000+ suspect transfers between 2007 and 2015. All were affiliated with Solway or its executives in corporate records, investigations, or media reports. 2/ Image
Swedbank dropped Solway in 2011 over concerns about “questionable transactions.” But the lender wasn’t alone in its concerns: Other banks flagged several of the 23 companies to U.S. regulators over suspicious payments. 3/
Read 5 tweets
Organized Crime and Corruption Reporting Project Profile picture
Mar 9
NEW: Using records from both the #SuisseSecrets and #PandoraPapers leak, OCCRP exposes the hidden ties between a top Uzbek official and one of the country’s wealthiest, most secretive oligarchs. 1/ occrp.org/en/suisse-secr…
Leaked banking data from inside Credit Suisse shows how Payzullajon Mirzaev, co-founder of industrial conglomerate Orient Group, had control over an account at the scandal-ridden Swiss lender that belonged to a previously unknown Uzbek woman, Rana Ramatova. 2/
Our reporting reveals that Ramatova, whose name has never emerged in public, is in fact the wife of Uzbekistan’s first deputy prime minister, Achilbay Ramatov. 3/
Read 6 tweets
Organized Crime and Corruption Reporting Project Profile picture
Mar 7
Leaked documents reveal executives at the Fénix mine in east Guatemala, owned by Switzerland’s Solway, have long hidden evidence that it was leaching contaminated water into neighboring Lake Izabal.

This is #MiningSecrets, a project led by @FbdnStories occrp.org/en/investigati…
In 2017, a strange red slick started spreading across Lake Izabal, provoking protests that were violently repressed by police.

Solway denied its mine was responsible, blaming a bloom of algae. But internal docs show executives knew red-colored water was spilling from the site. ImageImage
Guatemala’s environment minister publicly backed Solway’s denials.

But docs in the leak show gov't monitors were also warning about the red water from the mine. One 2017 audit found water near the site was contaminated with so much nickel that it breached World Bank standards. Image
Read 6 tweets
Organized Crime and Corruption Reporting Project Profile picture
Mar 2
NEW: Several wealthy Pakistanis stashed as much as $200 million in secret Credit Suisse accounts while they were under scrutiny from tax officials or corruption investigators. #SuisseSecrets
occrp.org/en/suisse-secr…
In 2000, Pakistan’s National Accountability Bureau (NAB) launched an anti-corruption drive that targeted 200 military officers, politicians, and business people.

10 ppl from that list had Credit Suisse accounts.
One of the Pakistanis in the leak is former Lt. Gen. Zahid Ali Akbar Khan, who pleaded guilty in 2015 to having unexplained assets & paid a $2M fine.

But what NAB didn't know — until now — is that he had 15.5m Swiss francs in his Credit Suisse account. cdn.occrp.org/projects/suiss…
Read 4 tweets
Organized Crime and Corruption Reporting Project Profile picture
Mar 1
When Zimbabwean President Robert Mugabe faced electoral defeat in 2008, investors including Credit Suisse backed a deal that paid for a wave of violence that snuffed out the opposition.

🇨🇭 A #SuisseSecrets thread 🇿🇼
occrp.org/en/suisse-secr…
2) Days after Mugabe lost the first round of elections in 2008, his party received a surprise $100m that was reportedly used to fund a campaign of terror against voters of the opposition.

The money came from the sale of a platinum mine. Here’s how Credit Suisse was involved 👇
3) Bank Accounts 🏦

Mugabe’s gov't seized the platinum mine and gave the rights to a long-time friend of the regime, Muller Conrad “Billy” Rautenbach.

Leaked data shows that Rautenbach opened two Credit Suisse accounts right before the mine was sold.
cdn.occrp.org/projects/suiss…
Read 7 tweets
Organized Crime and Corruption Reporting Project Profile picture
Feb 28
THREAD: Omar Suleiman, the one-time head of Egypt’s intelligence agency, was personally linked to torture and political repression.

Yet leaked data shows his family was able to keep millions at Credit Suisse. Here’s what we found 👇 #SuisseSecrets 🇪🇬
cdn.occrp.org/projects/suiss…
2) When U.S. Secretary of State Colin Powell told the UN he had evidence of Iraq training Al-Qaeda in chemical weaponry, the source he relied on was a victim of Suleiman’s intelligence regime: Ibn Sheikh Al-Libi.
3) After his capture in Pakistan, Al-Libi was rendered by the CIA to Egypt in 2003, where he was tortured.

After being squashed inside a tiny box, Al-Libi would later say he told the Egyptians "what they wanted to hear."
Read 7 tweets

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