28th February 2019
A former U.S.-based oil trader sought in Brazil over a multimillion-dollar bribery scheme involving commodities traders Vitol, Glencore and Trafigura has agreed to plead guilty to conspiracy to commit money-laundering in the United States, court records show. The plea is part of a cooperation agreement by a key figure in… Read More
26th February 2019
Prosecutors raided locations across the Netherlands on Tuesday as part of an investigation into the alleged use of shell companies to distribute $100 million in bribes on behalf of Brazilian conglomerate Odebrecht SA. Data and financial records were seized from half a dozen homes and businesses, the Dutch financial prosecutors… Read More
22nd February 2019
AP — As a showdown looms over humanitarian aid destined for Venezuela, President Nicolas Maduro closed off his country’s border with Brazil, vowing on Thursday to block the emergency food and medicine that has rallied his opponents and which he claims is part of a U.S.-led… Read More
22nd February 2019
The senator son of Brazilian President Jair Bolsonaro is under investigation by federal authorities for money laundering in connection to unexplained increases in his net worth, the prosecutor general’s office said on Thursday. Federal prosecutors said this month that an accusation of money laundering had been raised against Senator Flavio… Read More
8th February 2019
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
3rd January 2019
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
24th December 2018
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
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
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 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