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Mar 31 • 3 tweets • 2 min read
A former Ecuadorean comptroller was arrested this week in a U.S. money laundering case, accused of using his position to demand millions in bribes from Odebrecht.

The massive scheme was the subject of ICIJ's 2019 #BriberyDivision investigation.
miamiherald.com/news/local/art…
#BriberyDivision detailed hundreds of millions in secret payments, exposing the extent of engineering giant Odebrecht’s cash-for-contracts operation and the then-unreported involvement of prominent figures and massive public works projects in Latin America.bit.ly/3IV8py8
Leaked documents showed links between the former Ecuadorian comptroller Carlos Polit Faggioni’s Miami-based son and a U.S. shell company, which became a pass-through for the alleged bribery payments by Odebrecht, ICIJ partner @MiamiHerald reported.
bit.ly/3iPpG1h

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More from @ICIJorg

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Apr 1
Today at #SEJ2022, ICIJ reporter @shirafu will talk about strategies to #followthemoney in environmental journalism with @manuelaandreoni, @sashachavkin and @schapiro at 11am.

Here’s some of Scilla’s investigative reporting on who profits from environmental abuses. 👇
In #PandoraPapers, @shirafu investigated the financial maneuvers of the founding family of Solvay at a time when the Belgian chemical giant was charged with poisoning a factory town’s groundwater and cleanup failures at their sites. #SEJ2022 bit.ly/30RcrHV
To investigate the contamination claims against the company, @shirafu traveled to northern Italy and New Jersey to interview workers and families who live near Solvay factories and experienced health problems like cancer. #SEJ2022

🎥 Watch here: bit.ly/3qVe69g
Read 6 tweets
ICIJ Profile picture
Mar 29
Hours before @Ericsson general meeting today, here's a timeline of how the CEO and board landed in hot water.

Feb. 7: ICIJ & partners sent detailed questions to Ericsson about corruption in Iraq, including the company’s alleged dealings with ISIS from 2014-2016. #EricssonList
Feb. 8: Instead of answering ICIJ, Ericsson issued a statement about receiving the questions: "media will focus on the conduct of business in unstable regions where terrorist organizations and corruption are present and employees’ safety may be at risk.”
ericsson.com/en/press-relea…
Feb. 15: ICIJ continued to send questions.
Ericsson released a second statement which referenced
"payments to intermediaries" and "alternate transport routes" used "when terrorist organizations, including ISIS, controlled some transport routes"
ericsson.com/en/press-relea…
Read 8 tweets
ICIJ Profile picture
Mar 23
Why haven’t sanctions against Russian oligarchs worked in the past? And what’s different now?

@nytimes’ The Daily podcast tackled the question, citing a case ICIJ is very familiar with: Putin’s judo buddy, Arkady Rotenberg. #PanamaPapers #ParadisePaper nyti.ms/3NpKgn0
The Rotenbergs are among many Russian powerbrokers who ICIJ investigations have shown use the offshore system to hide their money and anonymously spend their billions around the world, effectively skirting the intended impact of sanctions. #RussiaArchive bit.ly/3L6PUID
For example, when Russia invaded Crimea in 2014 and Arkady Rotenberg — a billionaire oligarch and childhood friend of Vladimir Putin, was sanctioned — he and his brother transferred substantial assets to their sons, #FinCENFiles show. (HT @BuzzFeedNews!) bit.ly/36nrKeb
Read 11 tweets
ICIJ Profile picture
Mar 14
🧵 Russian oligarchs now being widely targeted with sanctions have featured prominently across several ICIJ investigations.

Here's some of the offshore dealings we’ve previously uncovered about political elites close to Vladimir Putin. #RussiaArchive👇 bit.ly/3oUP1dl
🔴 Alisher Usmanov

#ParadisePapers showed that a firm connected to the Uzbek-Russian billionaire provided a link between Russian state money and large early investments in Facebook.

Read more in the #RussiaArchive: bit.ly/3CEVaQP
🔴 Gennady Timchenko

#PandoraPapers reporting revealed a series of massive loans between anonymous offshore shell companies and a firm the oil magnate registered in Cyprus. bit.ly/3HanF9A
Read 8 tweets
ICIJ Profile picture
Mar 10
The U.K. becomes the first Western government to target Roman Abramovich, billionaire owner of British soccer club Chelsea FC, in a raft of new sanctions against Russian oligarchs (via @WSJ):
on.wsj.com/3vWD5wi

Abramovich appeared in the #FinCENFiles and #ParadisePapers.
ICIJ’s Latvian partner @rebaltica used #FinCENFiles to trace payments between Abramovich’s business empire and his former business partner Oleg Deripaska — also sanctioned by the U.K. today.

Much of his money flowed through Expobank in Latvia’s capital. bit.ly/3u5NuDp
In #FinCENFiles, ICIJ partners @BBCArabic and @haaretzcom identified Roman Abramovich as an anonymous donor who spent $100M bankrolling a controversial Israeli settler organization.

BBC also found the Russian oligarch had secret stakes in rival players. bbc.in/34uQLmG
Read 4 tweets
ICIJ Profile picture
Mar 8
1/ As Western governments target Russian oligarch assets hidden abroad, it’s worth remembering: money doesn’t just hide itself in offshore accounts and shell companies. It takes a village of enablers. 🧵bit.ly/3hviIxN
2/ Here are a few of the many lawyers, offshore agents & banks that have helped Russia’s elite move, hide and invest their money — identified by ICIJ over nearly a decade of reporting on offshore finance. bit.ly/3hviIxN
3/ London lawyer Alastair Tulloch. His firm set up companies for Russia’s former Deputy Finance Minister Andrey Vavilov; billionaire oligarch Alexander Mamut; and Vitaly Zhogin, a banker wanted in Russia for alleged fraud. bit.ly/3hviIxN
Read 17 tweets

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