Ex Pictet relationship manager convicted, bank fined in Switzerland over Petrobras corruption transfers

A former relationship manager (RM) at Geneva-based Banque Pictet et Cie SA has been given a six-month suspended prison sentence by the Swiss Attorney General's Office for approving payments from an account held by an offshore firm whose beneficial owner worked for Petrobras, Brazil's state-controlled oil company.

A former relationship manager (RM) at Geneva-based Banque Pictet et Cie SA has been given a six-month suspended prison sentence by the Swiss Attorney General's Office for approving payments from an account held by an offshore firm whose beneficial owner worked for Petrobras, Brazil's state-controlled oil company.