Judge orders seizure of £5m London flat linked to Petrobras scandal
A high court judge has allowed the seizure of a £5m luxury
London apartment allegedly bought by a Brazilian businessman using “corrupt
funds” linked to the multibillon-dollar Petrobras “Operation Carwash”
money-laundering scandal.
Judge Johannah Cutts accepted that, as part of an
investigation, the Serious Fraud Office (SFO) could seize a Kensington property
linked to Julio Faerman. Faerman is a middleman accused of funnelling tens of
millions of dollars into Swiss bank accounts as part of a long-running and
elaborate bribery scheme at the Brazilian state-run oil company.
The Petrobras bribery scandal rocked Brazil’s political and
business establishment as an investigation found it involved more than 80
politicians and members of the country’s business elite.
Faerman, who worked for the Dutch oil and gas services
company SBM Offshore, struck a plea bargain with Brazilian prosecutors in 2016
in which he agreed to pay Brazil back $54m and “recognised that the money was
obtained through criminal activities”.
In the ruling, Cutts said the SFO had launched its own civil
recovery investigation in relation to Faerman. “The SFO claims that the funds
used to purchase the property were linked to corrupt funds obtained by Mr
Faerman during his work as an agent for a Dutch company to enable it to further
its business in Brazil with Petrobras, the Brazilian national oil and gas
company.
“The SFO has been investigating the Swiss bank accounts
which, through a series of offshore companies and other accounts, are believed
to have received some of the proceeds of Mr Faerman’s criminal activity. The
SFO believes that these funds were used then to fund, at least in part, the
purchase of the property. The property is estimated to have equity in the
region of over £5m.”
An SFO spokesperson said: “This judgment makes clear that
there is a clear and compelling public interest in maintaining this disclosure
order. We are committed to preventing those who bribe, cheat and steal from
enjoying their ill-gotten gains in this country.”
Faerman’s lawyer did not respond to requests for comment.
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