London, – Former Chief Executive of an Austrian bank can be extradited on Tuesday on allegations of money laundering related to Money Laundering Company Odebrech in the United States, the London High Court ruled on Tuesday.
Peter Venziral – former Chief Executive of Meenal Bank, later renamed the Austrian AAB Bank – accused public authorities of helping hundreds of million dollars laundry in the scheme using Slash Fund to bribe public authorities.
The 59 -year -old Austrian National denied the allegations and fought against his extradition on several grounds, which included Britain “greed” by an alleged US law enforcement agent in May 2021 to arrest him.
But his challenge for his extradition was rejected in June 2023 and the appeal against that decision was mostly rejected in February.
The High Court ruled that Venjiels could not be extradited in connection with an allegation of conspiracy for money laundering, but approved Venjier’s extradition on other allegations.
Judge Jeremy Johnson ruled on Tuesday that the Venjier’s case did not extend a point of the common public importance, which stopped the way to take the case to the Supreme Court of Britain.
Venjier’s lawyer David Pack said in a statement, “The judiciary has missed the opportunity to provide certainty on the UK-US extradition law.”
Venjiel faced allegations for his alleged role in a large -scale fraud and bribery scheme in New York, including Odbrect, which changed its name to Novonore SA in 2020, its name became synonymous with Graft.
Odebrecht has admitted that it bribes governments in Latin America to help build its vast construction empire.
In 2016, Odebrech and associated petrochemical company Baskom, Brazil’s largest petrochemicals company, agreed to pay at least $ 3.5 billion to settle the fees brought by the US, Brazil and Swiss authorities.
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