A tiny Ticino-based lender is the latest Swiss bank to pop up in the trillion-dollar PDVSA graft scandal.

Switzerland’s financial regulator is investigating Banca Credinvest over potential involvement with corruption at PDVSDA, it said in an emailed statement on Thursday. The Finma probe was first reported by «infodio,» a website devoted to graft at Venezuela’s state-controlled oil and gas firm. Full Text-> FINews

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