The Swiss Justice Department is investigating the Odebrecht corporation in the corruption probe targeting Brazil’s state owned oil company Petrobras. Top executives have been accused of collaborating with construction companies to inflate contracts and bribe politicians, which has set off several red flags at Swiss financial institutions. It is suspected that companies in the Odebrecht group paid bribes via accounts in Switzerland into accounts held by former Petrobras directors also in Swiss banking institutions. teleSUR
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