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U.S. opens probe into Brazilian oil bribery scheme – sources

The U.S. Justice Department is investigating a former U.S.-based oil trader for Brazil’s Petrobras already charged in his home country with taking part in a corruption scheme involving commodity companies Vitol SA, Glencore PLC and Trafigura AG, according to people familiar with the matter. It was the first confirmation that… Read More

Brazil’s Odebrecht to pay 161.9 million reais to Eletrobras in new leniency deal

Brazilian construction conglomerate Odebrecht SA [ODBES.UL] has agreed to pay 161.9 million reais (£32.8 million) to Centrais Eletricas Brasileiras SA (ELET6.SA) in a deal with authorities to help settle corruption allegations against it, according to a securities filing on Wednesday. Eletrobras, as the state-run power holding company is known,… Read More

Brazil president-elect’s son snared in growing payments probe

Brazilian state prosecutors on Friday ordered the son of President-elect Jair Bolsonaro to explain suspicious funds in the bank account of his former driver, widening their probe after the ex-staff member failed to show up to answer queries. Questions over the origin of the funds in the bank account of… Read More

11th December 2018

Nissan, ex-chairman clash over Rio apartment filled with art, cash – filing

A Rio de Janeiro apartment containing cash, art works and personal belongings of Carlos Ghosn has become the latest battleground between the indicted former Nissan Motor Co Ltd (7201.T) chairman and the automaker. Ghosn is seeking to retrieve “personal belongings, documents, cash, objects and art pieces” from the beachfront apartment,… Read More

27th November 2018

Brazil police issue 22 arrest warrants in corruption probe

AP — Brazil’s federal police issued 22 arrest warrants Friday as part of a probe into a corruption and money laundering scheme involving construction of the new headquarters of the state oil company in the northeastern city of Salvador. Police said they had arrested 17 people… Read More

29th October 2018

Far-right Bolsonaro rides anti-corruption rage to Brazil presidency

Far-right lawmaker Jair Bolsonaro won Brazil’s presidential election on Sunday, promising to clean up politics, shrink the state and crack down on crime, in a dramatic swing away from the left in the world’s fourth-largest democracy. The former army captain, with close ties to the military, has alarmed many with… Read More

11th October 2018

Brazil: Mexico dragging feet on Odebrecht corruption scandal

AP — Across Latin America, prosecutors have been pressing charges in recent years against politicians accused of corruption in the scandal involving Brazilian construction giant Odebrecht, which admitted to paying $800 million in bribes in the region. Not in Mexico. Evidence that could shed light on bribes paid… Read More

28th September 2018

Brazil’s Petrobras to pay US$8.2 million in penalties

AP — Brazil’s state oil company Petrobras said Thursday it had agreed to pay more than $850 million in penalties for bookkeeping violations related to bribes to Brazilian politicians and political parties. Petrobras said in a securities filing that the penalties total $853.2 million. It said… Read More

11th July 2018

Odebrecht signs new leniency deal with Brazil authorities

Industrial conglomerate Odebrecht SA has signed a leniency deal with Brazil’s attorney general and comptroller general expanding on an agreement with federal prosecutors that set terms for its cooperation in a massive graft probe, authorities said on Monday. Odebrecht has been at the center of a global corruption investigation involving… Read More

4th July 2018

Brazilian businessman Eike Batista convicted of corruption

AP — A Brazilian businessman famous for amassing and then losing a multi-billion-dollar fortune has been convicted of corruption and money laundering and sentenced to 30 years in prison. Eike Batista was found guilty of paying around $16.5 million in bribes to the then-Rio de Janeiro governor… Read More

14th May 2018

Odebrecht, nucleus of mega-graft scandal, tries to go clean

AP — On the sixteenth floor of the headquarters of Odebrecht, the construction company at the center of one of the largest graft scandals in history, the executive charged with stamping out corruption insists the firm has changed its ways. Meanwhile, at the reception area downstairs, a justice official… Read More

6th April 2018

Brazil judge orders ex-president Lula jailed by Friday

A Brazilian judge on Thursday ordered former President Luiz Inacio Lula da Silva to turn himself in to police within 24 hours to serve a 12-year sentence for a graft conviction, likely ending the presidential front-runner’s hopes of returning to power. Lula was convicted last year for taking bribes from… Read More

3rd April 2018

Brazil opens insider trading probe into bank

Brazil’s securities regulator, CVM, said on Monday it was probing possible insider trading at Banco Original, a bank that belongs to J&F Investimentos, which has been at the center of a corruption scandal. The regulator will look into transactions in interest rate futures and derivatives that occurred before the release… Read More

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