💰 Austrian banker fights extradition to U.S. on money laundering charges

TL;DR

LONDON (Reuters) - The former chief executive of an Austrian bank who faces charges in the United States in relation to a bribery and money laundering conspiracy involving Brazilian construction company Odebrecht asked a London court on Wednesday to refuse to extradite him.Peter Weinzierl – former chief executive of Meinl Bank, later renamed Anglo Austrian AAB Bank – is accused of helping launder hundreds of millions of dollars in a scheme involving the use of slush funds to pay bribes to public officials around the world.The Crown Prosecution Service (CPS), which is seeking the extradition on behalf of the United States, said in court filings that Weinzierl is attempting to argue the merits of the prosecution case, which should be determined at trial.The scandal over bribes for public-works contracts has also spread to other countries where Odebrecht did business, including Peru, Mexico, Argentina and Colombia.Odebrecht changed its name in December 2020 to Novonor SA, after its name became synonymous with graft due to its role in Brazil’s sweeping Car Wash corruption investigation."

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