Skip to content

Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Global Contagion Report: Portugal Telecom

Country: Brazil

Company Involved: Portugal Telecom SGPS SA

Industry: Telecommunications

Industry Subsector: Mobile Telecommunications

Officials Involved: Luiz Inácio Lula da Silva, former president of Brazil; Antonio Palocci, former finance minister

Enforcement Action: Investigation

Summary: Prosecutors in Brazil are investigating Luiz Inácio Lula da Silva in connection with Brazil’s sweeping “mensalão” scheme, in which monthly bribes were paid to coalition party deputies in exchange for political support. Incarcerated businessman Marcos Valério de Souza testified that in 2005 da Silva and Antonio Palocci negotiated a $7 million payment with Portugal Telecom that was used to pay political campaign debts.

Share this post

LinkedIn
Facebook
Twitter

Comments are closed for this article!