5th July 2019
The former governor of Rio de Janeiro state said in court testimony on Thursday that he paid $2 million to buy votes to ensure the sprawling Brazilian seaside city would be chosen to host the 2016 Olympic Games. Sergio Cabral told a judge the money went to Lamine Diack, the… Read More
3rd July 2019
By Lenin Cavalcanti Guerra, University of Saskatchewan Operation Car Wash is an ongoing investigation by Brazilian federal police into a money laundering scheme in which black market money dealers used small businesses to launder dirty money. If you’ve seen TV shows like Breaking Bad or Ozark, it will… Read More
27th June 2019
Leaked records from Brazil’s Odebrecht S.A. indicate that the scope of its bribery in Latin America extended far beyond what the construction giant has previously admitted, according to the Miami Herald. The records, which were initially obtained by the Ecuadorian news organization La Posta, come from Odebrecht’s Division of Structured… Read More
27th June 2019
AP — Brazil’s Supreme Court on Tuesday denied a petition to release jailed former President Luiz Inácio Lula da Silva, who is serving a sentence for corruption. In a 3-2 vote, a panel of judges rejected freeing da Silva while they consider a petition from his defense team demanding his… Read More
27th June 2019
Oil services company TechnipFMC said it would pay $301.3 million to resolve anti-corruption probes with Brazilian and U.S. authorities, and added it was committed to resolving another probe on its affairs with French authorities. TechnipFMC said in a statement published late on Tuesday that it had agreed to the resolutions… Read More
24th June 2019
In December 2016, “the largest foreign bribery case in history” was settled in the United States. It was described as such by the Department of Justice when US prosecutors struck a $3.5 billion plea agreement with Brazilian construction giant Odebrecht and its subsidiary Braskem. The Odebrecht prosecution came amid a… Read More
21st June 2019
Walmart Inc has agreed to pay a total penalty of $282 million to settle charges by the U.S. Justice Department and the Securities & Exchange Commission that its Brazilian unit violated the Foreign Corrupt Practices Act. The retailer will pay more than $144 million to settle charges by the SEC… Read More
20th June 2019
Brazilian Justice Minister Sergio Moro said on Wednesday that a criminal organization was responsible for leaks of his private messages as a federal judge, which raised questions about his ethics while overseeing a major corruption probe. Moro is facing calls for his resignation after text messages published by news website… Read More
18th June 2019
Brazilian conglomerate Odebrecht SA filed on Monday for bankruptcy protection, aiming to restructure 51 billion reais ($13 billion) of debt in what would be one of Latin America’s largest-ever in-court debt restructurings. The bankruptcy filing comes after years of struggles for Odebrecht, the biggest of the Brazilian engineering groups caught… Read More
14th June 2019
Brazil’s Petrobras found suspicious activity in its oil trading business – and failed to stop it – six years before an alleged bribery scandal erupted in that unit in 2018, according to three people with knowledge of the situation and documents seen by Reuters. A 2012 internal probe at the… Read More