Prosecutors are continuing their investigation into the Caritas fraud case under the assumption that the so-called 'fake president fraud' was used to impersonate a high-ranking official.
The ongoing Caritas investigation has uncovered more than 8,200 fraudulent transactions made in rapid succession to hundreds of bank accounts across several countries. Due to the scale and complexity of the operation, prosecutors now suspect the involvement of a criminal organisation in the affair. Further information on the initial embezzlement are available here.
Officials are still operating under the impression that the 'fake president fraud' was the modus operandi of these criminal offenses. Currently, about a dozen requests are pending to receive assistance from foreign authorities by the investigating judge. However, no additional charges have been filed so far, and it is still unclear whether the stolen funds can be partially recovered.
Investigators in the criminal investigation department remain working closely with the Financial Intelligence Unit (CRF) to continue uncovering the details of this case. Involvement by foreign authorities is vital to arriving at the outcome of this Caritas investigation and finding a resolution.
