Former Mainl Bank executive may be transferred to foreign jurisdiction
Peter Weinzierl, the former CEO of Meinl Bank, has been extradited from the United Kingdom to the United States in August 2025, following years of investigations and complex legal proceedings. Weinzierl, aged 59, is currently in U.S. federal custody, held in a federal prison in Brooklyn, New York.
The extradition is in connection with money laundering allegations linked to the Odebrecht corruption scandal, a major corruption case in Brazil. Weinzierl, who was the CEO of Meinl Bank (now Anglo Austrian AAB Bank), was previously not allowed to leave the country.
The U.S. justice department accuses Weinzierl of bribery and money laundering in the Odebrecht corruption scandal in Brazil. The banker believes he was lured to London under false pretenses in May 2021, but he was detained and later released on bail in London. The news about the extradition was reported by the news agency Reuters.
Weinzierl has been released on bail in London previously and has always maintained his innocence. In the U.S., he could face up to 70 years in prison if found guilty. The case is part of a broader crackdown on corruption involving Odebrecht, a major Brazilian construction conglomerate implicated globally in bribery scandals.
The extradition hearing took place on Tuesday, and the London High Court announced the decision to allow the extradition. A recent legal proceeding titled Peter Weinzierl v Government of the United States of America & Anor was recorded in the UK High Court in July 2025, reflecting parts of the extradition process, but full details require logged access.
In summary, Peter Weinzierl has been extradited from the United Kingdom to the United States, where he is currently in pretrial detention in Brooklyn federal prison. The case relates to bribery and money laundering allegations tied to the Odebrecht corruption scandal, and the extradition followed a long, complex international investigation and extradition process. Legal challenges in UK courts during the extradition process were finalized recently. No further updates on trial progress or outcomes were found in the latest sources.
- The banking-and-insurance industry is under scrutiny due to the ongoing money laundering allegations against Peter Weinzierl, a former CEO, linked to the Odebrecht corruption scandal.
- General news outlets, such as Reuters, have reported that Weinzierl, who was CEO of Meinl Bank (now Anglo Austrian AAB Bank), has been extradited to the United States to face charges of bribery and money laundering in the same scandal.
- As Weinzierl awaits trial in a federal prison in Brooklyn, New York, the finance sector and crime-and-justice community alike will closely follow the case, which is part of a broader crackdown on corruption involving Odebrecht, a major Brazilian construction conglomerate implicated globally in bribery scandals.
