How Did Venezuela’s Oil Riches End up in Swiss Banks?

Repressed by Venezuela's government on one side. Muzzled by Swiss banking secrecy laws on the other. Yet against these odds, a team of reporters exposed how corrupt Venezuelan elites stashed stolen oil profits in Credit Suisse accounts.

In this episode, Nick Wallis interviews OCCRP editor Nathan Jaccard and Armando.Info editor-in-chief Valentina Lares on how a leak of Credit Suisse customer data sparked a global investigation revealing how oil officials convicted of corruption stashed their millions in Switzerland’s notoriously secretive banking sector. 

We also hear from Latin American financial fraud expert Steven Bodzin about the story’s implications for Venezuela and Swiss banks, how Venezuela’s ongoing crisis could end, and who is to blame for the country’s endemic corruption.

Dirty Deeds is a Little Gem production for OCCRP. The host is Nick Wallis. The producer is Lindsay Riley, with research from Phoebe Adler-Ryan and Riham Moussa, at Rethink Audio.

Read the investigation

• Black Gold in Swiss Vaults: Venezuelan Elites Hid Stolen Oil Money in Credit Suisse

This week’s guests

• Nathan Jaccard - @NJaccard
• Valentina Lares - @valetinalares
• Steven Bodzin - @guacamayan

Transcript

• Read the transcript on the OCCRP website

More information on OCCRP

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This podcast was originally produced in Spanish. Following recent events in Venezuela, we are sharing it with a wider audience through this human-reviewed AI translation. This is an experiment, so minor imperfections may be present. Original Spanish podcast below:

• Spotify: https://open.spotify.com/show/5inyH4WRo1H82KgvmnmUHh
• Apple Podcasts: https://podcasts.apple.com/us/podcast/cuello-blanco-manos-sucias/id1872501127

We welcome your feedback on this experiment at occrp.org/podcast.

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