Brazilian billionaire Joseph Safra charged with corruption

Financial Times – Joe Leahy, 04/01/2016

Brazilian prosecutors have filed corruption charges against billionaire Joseph Safra, said by Fortune magazine to be the world’s richest banker, and five others for involvement in an alleged scheme to pay off government tax auditors.

The financier, who owns London’s Norman Foster-designed “Gherkin” skyscraper, is alleged to have known of a plan by executives at his banking group in Brazil to pay R$15.3m in bribes to help reduce tax debts today amounting to R$1.8bn.

“The criminal intentions of the group is made clear by the various conversations and exchanges of messages cited in the indictment,” the prosecutors said in a statement signed in Brasília.

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