Petrobras executive Pedro Barusco. Image courtesy of Agência Brasil Fotografias/Flickr.

A former Petrobras executive admitted using Swiss bank accounts in a bribery scheme at Brazil’s state-controlled Petrobras, new documents released by a Brazilian court said.

Former Petrobras executive Pedro Barusco said in a statement to the court that he used several bank accounts in Switzerland to launder a portion of an estimated $100 million in bribes.

Barusco used accounts at several banks including Bank Safra, the Financial Times said.

He also alleged that Brazil-based energy consultant Julio Faerman and former Bank Safra official Denise Kos helped him open the accounts.

In a statement that was part of a deal with prosecutors Barusco said he initially opened an account with the Republic Bank of Switzerland in 1997 then moved the account to BBA Creditanstalt and then to Bank Safra in 2003.

He said he also opened a number of other accounts at that bank and others including an account he shared with his wife at HSBC.

None of the banks mentioned by Barusco in his testimony have commented on the matter.

Barsco also alleged that Faerman paid him bribes on behalf of Petrobras contractors that were deposited into a Swiss bank account.

Faerman has denied any wrongdoing.

The Brazil attorney general’s office is requesting court permission to investigate 54 people, mostly politicians, in an ongoing corruption probe into Petrobras.

Swiss officials said they have been cooperating on the probe since last April.


Leave a Reply