“Nothing changes in Brazil. All these politicians now being convicted of corruption? They’ll be back in power, you wait.” So said my atypically cynical Brazilian student, and tragically, I was starting to believe her.… Continue Reading
Former Brazilian president Luiz Inacio Lula da Silva was charged Wednesday with spearheading a corruption and kickback scheme tied to Petrobras contracts.
Brazilian prosecutors charged Lula with corruption and money laundering for his alleged role as the “boss” of the multi-billion kickback scheme.… Continue Reading
Brazil’s interim president Michele Temer has denied allegations that he received campaign donations tied to the Petrobras corruption scandal.
In a plea deal seen by Reuters, former Petrobras transportation chief Sergio Machado alleges that Temer requested and received a legal campaign contribution from Queiroz Galvao, a Brazil-based engineering group.… Continue Reading
Brazil descended deeper into political chaos Thursday after a federal judge moved to block the swearing in of former president Luiz Inacio Lula da Silva as chief of staff to the current president, Dilma Rousseff.… Continue Reading
More than three million protesters poured into the streets across Brazil this weekend, demanding the ouster of President Dilma Rousseff. Meanwhile, her Workers’ Party coalition partner said it may join opposition forces in a month to topple her government.… Continue Reading
Brazil construction tycoon Marcelo Odebrecht was sentenced to 19 years in prison Tuesday as part of the ongoing investigation into corruption at state-owned energy giant Petrobras.
Company Involved: Portugal Telecom SGPS SA
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.… Continue Reading