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Spanish police arrest former head of Mexico’s state oil firm Pemex

Spanish police on Wednesday arrested Emilio Lozoya, the former chief executive of Mexico’s state oil firm Pemex, giving President Andres Manuel Lopez Obrador his first high-profile win in his government’s anti-corruption drive. Lozoya, who has not been seen publicly since mid-2019, is accused in Mexico of corruption related to a… Read More

Bribery trial begins against ex-Ecuador leader Rafael Correa

AP — Prosecutors opened what some are calling Ecuador’s trial of a century Monday against former President Rafael Correa and 20 other high-ranking politicians and business leaders accused of operating a multimillion-dollar bribery scheme. If convicted, the man who ruled Ecuador for a decade could be barred from running for… Read More

First Petrobras employee flips in Brazil commodity traders probe

A former trader at oil firm Petrobras has signed a plea bargain agreement with Brazilian prosecutors investigating bribery allegations, defense lawyers and prosecutors said, a potential breakthrough in a case involving some of the world’s top commodity trading houses. Rodrigo Garcia Berkowitz, who was a trader at Petrobras’ Houston office… Read More

6th February 2020

Brazil’s Odebrecht Agrees to Extend Monitorship for Another Nine Months

Brazilian construction giant Odebrecht SA has agreed to extend the monitorship and other terms of its plea agreement with the U.S. Justice Department for almost nine months, according to court filings. Odebrecht pleaded guilty in 2016 to a criminal charge of allegedly conspiring to violate U.S. foreign bribery laws and… Read More

4th February 2020

Brazil Seen as Backtracking on Anti-Terror Funding Efforts

Brazil is facing criticism after stripping its national financial intelligence unit (FIU) of the power to report on terrorist financing, the Financial Times said on Monday. Opposition lawmakers amended the mandate of the Council for Financial Activities Control, or Coaf, over concerns that the government of President Jair Bolsonaro would… Read More

30th December 2019

‘The Pendulum Has Swung Back’: Latin America’s Corruption Fight Stalls

The biggest corruption investigation in Latin America history began, humbly enough, at a Brazilian gas station, but as it steamrollered across the region, it took down top government officials and corporate titans alike. For those caught up in the scandal, it was a moment of reckoning. For ordinary citizens, it… Read More

30th December 2019

Scots link claimed in Peruvian bribery scandal

A former president of Peru is alleged to have benefited from a “massive” multimillion pound bribery scheme which saw more than £13 million wired to a Scotland-based firm, according to US prosecutors. Alejandro Toledo, who governed the South American nation from 2001 to 2006, was arrested in the US in… Read More

27th December 2019

Brazil’s Lula faces new indictment for corruption

Brazil’s federal police indicted former President Luiz Inacio Lula da Silva on Thursday for another case of corruption. The case involves donations made by construction company Odebrecht to the Lula Institute the former president founded after he left office. According to the federal police, the donations to the institute, which… Read More

20th December 2019

Iran sanctions force Brazil beef exporters to re-route shipments

U.S. sanctions against Iran have forced Brazilian beef exporters to re-route shipments through nearby countries, adding to costs but largely maintaining trade flows, according to exporters and trade data compiled by two industry groups. Meatpackers now send much of their Iran-bound beef to other ports in the Middle East, where… Read More

19th December 2019

Brazil: homes of Bolsonaro associates raided in sweeping anti-corruption operation

Investigators have raided the home of a longstanding friend and associate of the Brazilian president Jair Bolsonaro, as well as addresses linked to Bolsonaro’s son and ex-wife, in the latest phase of a politically damaging corruption investigation embroiling his family. The operation – part of an embezzlement and money-laundering… Read More

6th December 2019

Credit Suisse Blocks Prosecutor Using Critical Finma Report

Credit Suisse Group AG has acted to block Geneva prosecutors from using details of a critical report by the country’s financial regulator into the bank’s failure to prevent fraud at its wealth management unit. The bank asked Geneva prosecutor Yves Bertossa to seal the report, which he is legally… Read More

6th December 2019

Glencore Under Investigation for Bribery by U.K. Authorities

Glencore Plc is being investigated for bribery by U.K. authorities, deepening the legal troubles that threaten the world’s biggest commodities trader. The shares fell as much as 8.6% to a three-year low. The move by the Serious Fraud Office adds to ongoing corruption probes that Glencore is facing in the… Read More

29th November 2019

Brazil’s top court eases access to confidential information in criminal probes

Brazil’s police and prosecutors can access confidential tax and financial information without a court order, the country’s Supreme Court ruled on Thursday, clearing the way for authorities to reopen an investigation of the president’s son. A majority of the high court’s justices voted to allow public prosecutors in financial crime… Read More

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