Swiss freeze over $200M in bribe money: report

Swiss freeze over $200M in bribe money: report
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Summary Swiss weekly Der Sonntag reports authorities in Switzerland have frozen 160 million francs.

The money was reportedly intended to be given in suspected bribes intended for foreign officials since 2008.The paper cites the federal prosecutors office as saying the funds were deposited in Swiss accounts by multinational companies for the purpose of bribing officials around the world to secure contracts. The report didnt name any individual companies.An email to the prosecutors office Sunday was not immediately answered.In the past, Switzerland was a popular place for multinational companies to park bribes due to its lax anti-corruption laws.Since 2000, the country has tightened its legislation to conform with the requirements of the Organization for Economic Cooperation and Development.

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