ID: ARW-295
IBM-Banco de la Nación (Argentina - Switzerland chapter)
In June 1999, Switzerland returned $4.5 million in suspected bribe funds to Argentina. (Source: Swiss Ministry of Foreign Affairs, September 30, 2009).
According to a 2010 report by the Argentina's Ministry of Justice Office of Anticorruption report, a total of $18,286,683 were recovered in related cases. (Source: Republic of Argentina, Ministerio de Justicia, Seguridad y Derechos Humanos, Oficina anticorrupcion, "Recupero de Activos en Casos de Corrupcion," 2010, at 37-38.)
[Source: StAR desk research/public source of information]
According to a report by the Argentina's Ministry of Justice, the defendants in the case pleaded guilty. (Source: epublic of Argentina, Ministerio de Justicia, Seguridad y Derechos Humanos, Oficina anticorrupcion, "Recupero de Activos en Casos de Corrupcion," 2010) For information on IBM's U.S. cases, please see Shearman & Sterling law firm's Foreign Corruption Practices Act database. [Source: StAR desk research/public source of information]
There was a concluded investigation/prosecution related to this case in the country of origin (Argentina) and the outcomes were convictions and forfeiture.
[Source: StAR desk research/public source of information]
Date of Asset freezing/seizure order: 1998 in Argentina.
Enforcement of asset freezing/seizure order: 1998 in Switzerland.
Assets returned
The agreement for returned assets was that the judicial authority of the intervening Swiss Confederation granted the repatriation of the funds without a final conviction under the agreement of the accused account holders, who were being processed at that time (cfr. art. 306 Law No. 23,984).
Assets Confiscated
Assets Frozen/Seized
| Document Title | Size and Format | Document Type | |
|---|---|---|---|
| March 2011 Press Release | 60.07 KB pdf | Other | Download |
| IBM Banco Nacion Argentina Plea Agreement | 286.17 KB pdf | Plea agreement | Download |
| Transparency International Progress Report on OECD Convention Enforcement July 2011 | 775.95 KB pdf | International/multilateral organization report | Download |
| Recupero de Activos en Casos de Corrupcion 2010 Report | 1.39 MB pdf | Government report / press release | Download |
| American Corporate Counsel Association, 2001 Annual Meeting report | 257.14 KB pdf | International/multilateral organization report | Download |