Brazil expects extradition of banker from Monaco

BRASILIA, July 4 (Reuters) - Brazil's most-wanted white collar criminal will be extradited from Monaco and face charges in one of the country's biggest bank frauds ever, the justice ministry said on Friday. Prince Albert of Monaco approved a court decision to extradite Salvatore Cacciola, who was sentenced by a Brazilian court in 2005 to 13 years in prison on charges of embezzlement, the ministry said in a statement. Cacciola had fled to Italy in 2000, from where he could not be extradited because he is also an Italian citizen. He was arrested in September of last year by Interpol agents in Monaco. Monaco's extradition decision can no longer be appealed, the ministry said. Cacciola was found guilty of embezzling part of a central bank bailout of Banco Marka, the bank he owned. The rescue of more than $1 billion during the... [read full story]