Brazil: Billionaire Banker Safra Said to Get Court Date in Graft Case

Author(s): R.T. Watson, Jessica Brice | Date: October 4, 2016 | Language: English
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A court date has been set for billionaire banker Joseph Safra in a criminal case that’s part of a federal investigation into tax fraud in Brazil, said a person with direct knowledge of the matter.
Defendants including Safra will be required to participate in a federal court hearing scheduled for Oct. 20, with a ruling due within a few weeks, said the official, who asked not to be identified disclosing the court date ahead of the public release. Those residing outside of Brasilia, as Safra does, will be allowed to participate through video conference, the official said.
Grupo Safra reiterated the allegations are unfounded, saying “there have not been any improprieties by any of the businesses of the Safra Group. No representative of the Group offered any inducement to any public official and the Group did not receive any benefit in the judgment of the tribunal.”

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