Global Contagion Report: Portugal Telecom
Global Contagion Report
April 11, 2013
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.… Continue Reading