This is how they describe banker Tino Sangiorgio’s transactions in Switzerland for Venezuelan “bolibourgeois”
Journalistic investigations link banker Tino Sangiorgio to a money-laundering scheme involving Swiss financial institutions for Venezuelan “boligarchs,” or individuals who became wealthy thanks to Chavismo in Venezuela.
The banker is linked to a network associated with Chavista minister Tareck El Aissami, whom U.S. authorities accuse of having ties to drug trafficking organizations and Islamic extremism, abcnoticias.net reported.
However, information disclosed by Alek Boyd, an expert who documents corruption in Venezuela on his website infodio.com, revealed that in February 2010, Krull acted alongside Miguel Ángel Capriles López, also known as Michu, a businessman accused of amassing a fortune of hundreds of millions of dollars in Venezuela thanks to Chavismo.
Krull established an agreement whereby Credit Suisse, represented in the scheme by Tino Sangiorgio, would transfer settlement funds to “victims” of Michu’s activities, according to Boyd. “No one knows why Credit Suisse — Michu’s bankers — would give Krull at Julius Baer the opportunity to bring in new millionaire clients, although it is simply another example of the rampant corruption of Swiss banks,” according to infodio.
