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Crime Bribery

  • SAO PAULO, May 19- Several Brazilian hedge funds suffered their worst one-day losses in at least a decade on Thursday after the country's financial markets were slammed by a graft scandal threatening to topple President Michel Temer and his reform agenda. Brazilian markets took a beating on Thursday on reports Temer had been caught on tape condoning bribes to...

  • SAO PAULO/ BRASILIA, May 19- Brazil's Supreme Court released explosive plea-bargain testimony on Friday accusing President Michel Temer, along with former presidents Luiz Inacio Lula da Silva and Dilma Rousseff, of receiving millions in bribes. The testimony raises serious doubts about whether Temer, who replaced the impeached Rousseff last year, can...

  • SAO PAULO/ NEW YORK, May 18- Brazilian markets plummeted on Thursday as allegations that President Michel Temer condoned bribes to silence a key witness deflated investor optimism about the prospects for his ambitious pension and labor reform agenda. Blue-chip stocks such as lender Itaú Unibanco Holding SA and state-controlled oil company Petróleo...

  • SAO PAULO/ NEW YORK, May 18- Brazilian markets plummeted on Thursday as allegations that President Michel Temer condoned bribes to silence a key witness deflated investor optimism about the prospects for his ambitious pension and labor reform agenda. Brazil's benchmark Bovespa stock index closed 8.8 percent lower, its biggest daily decline since the 2008...

  • SAO PAULO/ NEW YORK, May 18- Brazilian markets plummeted on Thursday as allegations that President Michel Temer condoned bribes to silence a key witness deflated investor optimism about the prospects for his ambitious pension and labor reform agenda. Brazil's benchmark Bovespa stock index closed 8.8 percent lower, its biggest daily decline since the 2008...

  • SAO PAULO, May 18- Brazilian markets plummeted on Thursday after allegations that President Michel Temer condoned bribes to silence a witness in a corruption probe fueled bets he could be ousted, derailing an ongoing reform agenda. Trading on the São Paulo Stock Exchange was temporarily halted for about an hour after the index dropped 10 percent in morning...

  • BRASILIA, May 18- Brazilian President Michel Temer resisted calls to resign on Thursday after allegations that he condoned the bribery of a potential witness in the massive "Car Wash" graft investigation, news that sent markets tumbling and raised doubts that Congress would pass his austerity measures. "We need to see what the Supreme Court says and whether it...

  • BRASILIA, May 18- Brazilian President Michel Temer resisted calls to resign on Thursday after allegations surfaced that he condoned the bribery of a potential witness in a graft investigation, raising doubts about the future of austerity measures in Congress and sending markets tumbling. Brazil's Treasury and central bank said they stood ready to keep...

  • LIMA, May 17- A former Peruvian governor suspected of arranging bribes from Odebrecht was arrested on Wednesday, while police raided Lima law firms thought to have ties to the Brazilian construction company, the attorney general's office said. Odebrecht has admitted to paying $29 million in bribes to win contacts in Peru, one of 12 countries where it confessed...

  • SYDNEY, May 17- Anti-bribery law reforms that Australia recently proposed risk discouraging overseas investments by firms, some of the nation's top companies said. Australia's national government last month proposed tougher rules that would widen the definition of bribery and create some new offences with lower burdens of proof. Orica spokeswoman Sam...

  • LIMA, May 16- Shares in Peru's largest construction company Grana y Montero plunged more than 10 percent on Tuesday after prosecutors filed charges against the firm and a former top executive in a corruption case linked to Brazilian builder Odebrecht. Prosecutors presented the case to the office of Peru's attorney general late on Monday, naming Grana and two...

  • SAO PAULO/ BRASILIA, May 11- Former Brazilian President Luiz Inacio Lula da Silva's combative testimony before a federal judge this week did little to dismantle the graft case against him and improve his chances of securing a new term in office. Lula, a founder of the leftist Workers Party that controlled Brazil's presidency from 2003 until last year, can only run...

  • *Samsung also names new head of China business. SEOUL, May 11- Tech giant Samsung Electronics Co Ltd on Thursday named a new head of mobile marketing as well as a China chief as part of a long-delayed executive reshuffle following the arrest of its vice chairman for alleged bribery. The South Korean firm also named Kwon Kye- hyun as head of the China business, where...

  • CURITIBA, Brazil, May 10- Former Brazilian President Luiz Inacio Lula da Silva made a fiery defense against corruption charges leveled against him during five hours of testimony on Wednesday in his first appearance before a crusading anti-corruption judge trying the case. He accentuated his gruff speech before Judge Sergio Moro, who has spearheaded...

  • CURITIBA, Brazil, May 10- Embattled former Brazilian President Luiz Inacio Lula da Silva appeared in a federal court on Wednesday and gave a five-hour deposition, his first direct testimony before a crusading, anti-corruption judge on graft charges that he dismisses as a political witch hunt. Lula is accused of receiving a beach apartment in return for helping...

  • CURITIBA, Brazil, May 10- Embattled Brazilian president Luiz Inacio Lula da Silva appeared in a federal court on Wednesday to give his first direct testimony before a crusading, anti-corruption judge on graft charges he dismisses as a political witch hunt. His court appearance before Judge Sergio Moro, who has spearheaded Brazil's biggest-ever corruption...

  • BOGOTA, May 10- Colombia's attorney general has charged the former chief executive officer of investment holding company Corficolombiana with bribery in a construction deal with Brazil's Odebrecht SA. A hearing for Jose Elias Melo was set for July 5, the attorney general's office said in a statement late on Tuesday. Corficolombiana participated in the...

  • CURITIBA, Brazil May 10- Thousands of supporters of former Brazilian president Luiz Inacio Lula da Silva gathered on Wednesday in the southern city of Curitiba hours before he was to appear before a crusading, anti-corruption judge on graft charges he dismisses as a political witch hunt. His testimony before Judge Sergio Moro, who has spearheaded Brazil's...

  • BUENOS AIRES, May 9- Brazilian construction firm Odebrecht said it presented a leniency deal offer to Argentine judges on Tuesday as it seeks to settle investigations of its use of bribes to help secure lucrative contracts across Latin America. In that settlement, Odebrecht admitted to bribing officials in 12 countries, including $35 million in Argentina...

  • BUENOS AIRES, May 9- Brazilian construction firm Odebrecht said it presented a leniency deal offer to Argentine judges on Tuesday as it seeks to settle investigations of its use of bribes to help secure lucrative contracts across Latin America. In that settlement, Odebrecht admitted to bribing officials in 12 countries, including $35 million in Argentina...