Brazil 6

Brazil: Corruption Charges against Eduardo Cunha: Repercussions for the Political Establishment

According to information released in the last few days by the Swiss Public Ministry, which has been leading an investigation into potential money laundering, PMDB member and Chamber of Deputies President Eduardo Cunha holds bank accounts in Switzerland that have potentially been havens for millions of dollars of suspicious origin. According to Swiss authorities, Cunha has moved money across four countries – including Switzerland, Benin, the US and Singapore – and 23 bank accounts to conceal its origins. The Swiss Public Ministry has now reportedly passed on its findings to Brazilian authorities, who will try to track down the origins of the money involved and confirm whether it comes from any embezzlement of public funds.

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