27th February 2020
A court found a Swiss-Brazilian man guilty on Wednesday of complicity in bribery and money laundering, marking Switzerland’s first conviction related to a probe into Brazilian state oil firm Petrobras. The court said the case related to payments worth more than $35 million made between 2007 and 2014 via mediators… Read More
13th February 2020
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
11th February 2020
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
6th February 2020
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
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 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 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
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 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
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