Crime Bribery

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  • SAO PAULO/ BRASILIA, March 14- Any decision to arrest Brazil's former President Luiz Inacio Lula da Silva will be made by Federal Judge Sergio Moro, who oversees a sweeping investigation into kickbacks at state-run oil firm Petrobras and approved the detention of dozens of senior executives, a Sao Paulo court ruled on Monday. State prosecutors in Sao Paulo filed...

  • BRASILIA, March 11- Graft money skimmed from overpriced contracts to build the Belo Monte hydroelectric dam in the Amazon funded President Dilma Rousseff's 2010 and 2014 election campaigns, a ruling Workers' Party senator has testified according to newsweekly IstoE. In plea bargain statements to prosecutors, Amaral said a graft scheme mounted during the...

  • BUENOS AIRES, March 9- Argentina is investigating whether the local unit of Odebrecht paid bribes to government officials, an Argentine prosecutor said on Wednesday, deepening the regional fallout from the biggest corruption scandal in Brazil's history. The probe laid out by Sergio Rodriguez, the lead prosecutor on public administration investigations, is...

  • Corruption probes eventually good for Brazil

    Brian Winter, AS/COA Vice President of Policy and Americas Quarterly Editor-in-Chief, discusses former Brazilian president Lula da Silva's detention, and the ongoing corruption probes in the country.

  • Lula's detention@ SAO PAULO, March 4- Brazil's stocks and currency looked set to end the week with their biggest gain in almost eight years after police detained former president Luiz Inacio Lula da Silva for questioning on Friday in an investigation of a bribery and money laundering scheme. "Maybe this is helping Brazilian assets because of the idea that it will...

  • NEW YORK/ LONDON, March 4- The arrest of former Brazilian president Luiz Inacio Lula da Silva fueled a massive market rally but once the euphoria fades, investors will still face concerns about political chaos and an economy mired in a deep recession. Lula's detention for questioning in a bribery and money laundering probe and the move's dire implications for...

  • detention@ NEW YORK, March 4- Brazil's stock market and currency surged to their highest in at least six months after police detained former president Luiz Inacio Lula da Silva for questioning on Friday in an investigation of a bribery and money laundering scheme. A London- listed Brazilian exchange traded equity fund jumped more than 11.0 percent to a...

  • BRASILIA, March 3- Brazilian President Dilma Rousseff lashed out on Thursday at the leaking of testimony to the media after a newsweekly published allegations linking her and her mentor, ex-President Luiz Inacio Lula da Silva, to a giant graft probe roiling Brazil. The magazine IstoE reported that ruling party Senator Delcidio Amaral, a key legislative ally...

  • BRASILIA, March 3- Brazil's Supreme Court voted 10-0 on Thursday to accept corruption and money laundering charges against lower house speaker Eduardo Cunha, putting him on trial for allegedly accepting bribes on contracts for two drill ships leased by state oil company Petrobras.

  • BRASILIA, March 3- Brazilian ruling party Senator Delcidio do Amaral has implicated President Dilma Rousseff and ex-President Luiz Inacio Lula da Silva in the Petrobras graft scandal as part of a plea bargain with prosecutors, local media reported on Thursday. Amaral was the leader of the Workers' Party in the Senate and Rousseff's point man on economic policy...

  • NEW YORK, March 3- A New Jersey pastor was indicted on Thursday for an alleged bribery scheme involving a bitcoin exchange owned by an Israeli man linked to cyber attacks on JPMorgan Chase& Co and other companies. Trevon Gross, the pastor and former chairman of the Helping Other People Excel Federal Credit Union of Jackson, New Jersey, was charged with receiving...

  • BRASILIA, March 3- Brazilian ruling party Senator Delcido do Amaral, arrested in November on obstruction of justice charges, has agreed to a plea bargain implicating President Dilma Rousseff and ex-President Luiz Inacio Lula da Silva in the Petrobras graft scandal, local media reported on Thursday. O Estado did not identify sources for its information but...

  • SAO PAULO, March 2- A majority of Brazil's Supreme Court voted to accept corruption charges against lower house speaker Eduardo Cunha on Wednesday, putting him on trial for allegedly accepting bribes on contracts for two drill ships leased by state oil company Petrobras. But the case against him at the Supreme Court, the only court that can try elected officials...

  • SAO PAULO, March 2- Brazil's Supreme Court voted to accept corruption charges against lower house speaker Eduardo Cunha on Wednesday, putting him on trial for allegedly accepting bribes on contracts for two drill ships leased by state oil company Petrobras. The ruling weakens Cunha, a bitter political rival of President Dilma Rousseff, as he struggles to fend...

  • The agreement involves the Japanese company's U.S. Olympus Corp of the Americas and Olympus Latin America Inc unit, the Justice Department said. The misconduct helped the unit obtain more than $600 million in sales and $230 million in gross profits, the Justice Department said. Olympus Corp of the Americas agreed to pay a $312.4 million criminal penalty and an...

  • BRASILIA, Feb 29- Brazil's justice minister has resigned amid a firestorm in the ruling Workers' Party over his failure to curb a corruption probe that has targeted prominent figures including the country's popular former president, Luiz Inacio Lula da Silva. Jose Eduardo Cardozo, who had served as justice minister since 2011, will be replaced by Wellington...

  • OSLO, Feb 24- Telenor's newly-appointed Chairwoman Gunn Waersted promised an overhaul of the Norwegian telecoms operator on Wednesday in response to a corruption settlement by Vimpelcom's, in which it owns a stake. Amsterdam- based Vimpelcom announced on Feb. 18 it would pay $795 million to resolve U.S. and Dutch probes into a bribery scheme in Uzbekistan, in the...

  • Brazilian prosecutors said the Swiss had arrested Fernando Migliaccio da Silva, an executive with engineering group Odebrecht SA, one of the largest companies at the center of a price fixing and political kickback scandal. The arrest could provide more evidence against Latin America's largest engineering firm and its former chief executive Marcelo...

  • After flagging suspected bribery and saying the radar equipment did not meet requirements, the government last year sought the approval of Panama's Supreme Court to cancel the contract with Finmeccanica unit Selex. Under the settlement, Finmeccanica will supply Panama with an AgustaWestland helicopter free of charge, while Panama committed to withdraw...

  • SAO PAULO/ LIMA, Feb 23- Brazilian police have uncovered evidence that Peruvian President Ollanta Humala may have received $3 million in bribes from engineering and construction conglomerate Odebrecht, according to federal court filings in Brazil. The court papers, made public on Monday, show that documents seized from Marcelo Odebrecht, the jailed former...