Asset Recovery Watch

ARW-157
Propinoduto (Principal - Agent) / Rodrigo Silveirinha Correa Case
Brazil
Deputy Head of Tax Collection Office, Tax Officials (1990s, exact years unspecified)
Switzerland
Location of Recovery Effort, Asset Location / Alleged Asset Location
2002
Ongoing
Art.19
No
Actions Initiated by Foreign Jurisdiction
Unknown
Cooperation in investigation but mechanism unknown
Ongoing
On Appeal
$30,000,000
$0
Unknown
Unspecified

According to the 2011 U.S. Department of State, Bureau for International Narcotics and Law Enforcement Affairs' International Narcotics Control Strategy Report, $30 million was repatriated from Switzerland to Brazil in the Propinoduto case. (Source: U.S. Department of State, Bureau for International Narcotics and Law Enforcement Affairs' International Narcotics Control Strategy Report, Vol. I (March 2011), at 154.) According to a Brazillian Justice Ministry statement, on November 26, 2009, the Brazilian Justice Minister announced that Switzerland had agreed to return $30 million to Brazil, and the only remaining issue was what tools of repatriation (bilateral convention or Merida treaty) but hoped to have money in Brazilian treasury by 2010. (Source: Noticias, Lavagem de Dinheiro, Ministerio da Justica, Brasil, "Brasil consegue repatriacao de cerca de U.S. $30 milhoes na Suica," November 26, 2009.) According to the press announcement, the investigation of the "Propinoduto" case began about 2003 and culminated in the conviction of several people who allegedly received kickbacks from companies in exchange for tax benefits. The Brazilian government opened investigations after detecting suspicious deposits in Swiss banks belonging to tax officials assigned to the Tax Administration of Rio de Janeiro. The money will be returned to the coffers of the Union, with the possibility of it being passed on to the government of Rio de Janeiro, according to the Ministry announcement.

According to the International Centre for Asset Recovery's Case Study on Mr. Correa's case, he was convicted in Brazil of criminal charges related to the Propinoduto case. (Source: "Rodrigo Silveirinha Correa" Case Study, at http://www.assetrecovery.org/kc/node/bb4181b0-f78b-11dd-aec1-9dfae7b42ba1.1.)

State Prosecutor, State of Rio de Janeiro
Superior Court of Justice, 6th Chamber
Ministry of Justice, Department of Asset Recovery and International Legal Cooperation