Brazilian Banker Joseph Safra Charged in Bribery Scheme
Brazilian prosecutors have charged the world’s richest banker, Joseph Safra, for allegedly agreeing to pay more than $4 million in bribes to tax auditors to reduce or annul fines on unpaid taxes.
The Federal Prosecutor’s Office said in a statement Thursday that Safra knew of a 2014 plan by executives at Banco Safra to pay 15.3 million reals ($4.25 million) in bribes. Also charged was former bank executive Joao Inacio Puga who allegedly negotiated the bribe-payment scheme.
Prosecutors said Safra was not directly involved in the bribery negotiations, but taped conversations showed that Puga reported to Safra on the bribery talks.