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Petrobras corruption: plea bargains with the return of 165m dollars with five accused

Wednesday, November 19th 2014 - 06:57 UTC
Full article 9 comments
O'Globo said it includes Paulo Roberto Costa, a jailed former Petrobras director who exposed the massive scope of alleged payments to Brazilian politicians O'Globo said it includes Paulo Roberto Costa, a jailed former Petrobras director who exposed the massive scope of alleged payments to Brazilian politicians
O Estado de Sao Paulo reported that another former Petrobras director, Pedro Barusco, had agreed to pay back 100 million and cooperate with investigators. O Estado de Sao Paulo reported that another former Petrobras director, Pedro Barusco, had agreed to pay back 100 million and cooperate with investigators.
President Rousseff says she had no knowledge of the scheme despite having been Energy minister and member of Petrobras board President Rousseff says she had no knowledge of the scheme despite having been Energy minister and member of Petrobras board

Five people accused in a corruption scandal at Brazil's state oil giant Petrobras have agreed to return 165 million dollars to the public purse in plea bargains with prosecutors, a newspaper reported Tuesday.

 O'Globo daily said the five include Paulo Roberto Costa, a jailed former Petrobras director who exposed the massive scope of the alleged payments to Brazilian politicians, dubbed “Operation Car Wash.”

Globo said Costa has pledged in writing to return 27 million dollars, most of which is parked in a Swiss bank account, the report said, citing sources close to the investigation.

O Estado de Sao Paulo reported Monday that another former Petrobras director, Pedro Barusco, had agreed to pay back 100 million and cooperate with investigators.

The paper said 20 million Barusco holds in a Swiss bank account had been blocked. Barusco is accused of having been in coordination with another former director, Renato Duque, who was arrested last week.

Currency dealer Alberto Youssef, accused of money laundering in the case, has reportedly pledged to hand back some 19.2 million and two businessmen from construction firm Toyo Setal say they would hand back a similar sum.

As much as four billion dollars were allegedly paid to members of the ruling Workers Party and other politicians, between 2004 and 2012 to buy influence with cash creamed off inflated Petrobras contracts.

Petrobras vowed Monday to do a better job policing itself and to set up a compliance division as it struggles to cope with the fallout of a scandal which has wiped billions from its market value in recent months.

Some of those arrested on suspicion of corruption and money-laundering include top executives from some of Brazil's biggest construction firms.

Brazil's President Dilma Rousseff says she had no knowledge of the kickback scheme, even though senior members of her ruling Workers Party have been linked to it. Nobody has been convicted to date but dozens of arrests have been made and Costa is set to stand trial.

Rousseff, a former chair of the Petrobras board and former Energy minister, has welcomed the investigation, telling reporters at the G20 summit in Brisbane it could “change Brazil forever” by ending a culture of impunity.

Categories: Politics, Brazil.

Top Comments

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  • ChrisR

    DumbAss Dilma: they are coming to get you!

    Of course you knew about the graft going on with Petrobras and you crooked 'colleagues and politicians'. How much has 'Lulu' got squirreled away from his time at the top?

    Let's be honest here though. Does anyone think any politician with clout will be going to jail?

    Ha, ha, ha, ha.

    Nov 19th, 2014 - 09:21 am 0
  • golfcronie

    Corruption in SA surely not!!

    Nov 19th, 2014 - 12:23 pm 0
  • welshyakusa

    I always wondered how Lula's son had his own private black jet?????
    At least the fuel was cheap kkkk

    Did i really wonder ???? “NOT”

    Nov 19th, 2014 - 02:21 pm 0
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