Brazilian former president Fernando Henrique Cardoso, (1995/2002) said that the serious economic situation faced by Brazil is very complex, will take time to overcome and most surely the impact will be felt in neighboring Uruguay, a country which must target other markets, other economic spaces.
The former treasurer of Brazil's ruling party was sentenced Monday to more than 15 years in prison for his role in a massive corruption scandal at state oil giant Petrobras. The judge investigating the scandal found Joao Vaccari, who was the Workers Party treasurer until April, guilty of corruption, money-laundering and conspiracy, and sentenced him to 15 years and four months.
Brazilian police have asked the Supreme Court for permission to question former president Lula da Silva, who they say may have benefited from the corruption scandal roiling state oil giant Petrobras.
Britain's Rolls-Royce is cooperating with investigators in a massive corruption scandal at Brazilian state oil giant Petrobras, a spokesman said. The engineering company confirmed it had been contacted by investigators involved in the probe, which has engulfed Brazil's political and business establishment amid allegations of a massive kickbacks scheme.
Brazil's Senate confirmed the reappointment of Prosecutor General Rodrigo Janot, who is leading a massive corruption investigation that has put dozens of politicians under scrutiny for allegedly receiving kickbacks.
Prosecutors in Brazil have announced a probe into possible influence peddling by former president Lula da Silva, involving the construction firm Odebrecht which is one of Latin America's largest engineering company. The investigation will center on Lula's alleged use of his clout after leaving office to help scandal-ridden construction giant Odebrecht land billion-dollar contracts in Latin America and Africa.
A close ally of Brazilian president Dilma Rousseff and currently part of her government's coalition said “too much stealing” by Lula da Silva's ruling Workers Party (PT) is responsible for the country's political crisis and public opinion disenchantment with politics.
A vice president of construction company Camargo Correa told Brazilian prosecutors that he paid 36 million dollars in bribes to officials of state-controlled oil company Petrobras, the press reported, citing a document prepared by prosecutors.
Brazilian authorities on Thursday said they uncovered a tax fraud scheme at the Finance Ministry's tax appeals board that may have cost taxpayers up to 19 billion Reais (5.96 billion dollars).
Brazilian engineering firm Galvao Engenharia said on Wednesday it filed for bankruptcy protection, as state-run oil company Petrobras cut off payments due to a broad corruption scandal in which it had been implicated.