A former finance minister and close confidant of Brazil’s Lula da Silva accused the ex-president of receiving bribes from contractor Odebrecht, adding to a list of corruption accusations that threaten Lula’s ability to run for president in 2018.
Brazil's federal police announced late Thursday that they are shutting down the primary task force assigned to a jumbo corruption investigation, drawing criticism from prosecutors who said it would undermine the probe. The investigation, known as “Operation Car Wash,” is Brazil's largest-ever corruption probe. It has jailed top politicians and business executives and led to allegations against President Michel Temer.
Brazil's construction colossus Odebrecht and affiliated petrochemical company Braskem SA agreed on Wednesday in New York to pay at least US$3.5 billion, the largest penalty ever in a foreign bribery case, to resolve international charges involving payoffs to Brazil's state oil company and others.