Brazil's President Michel Temer faced calls for his removal Wednesday after a newspaper reported that he had been recorded discussing payments of hush money to a corrupt politician. Temer immediately denied the report in O Globo newspaper.
The former CEO of the huge Brazilian builder at the center of the world's biggest corruption scandal spoke frankly about the billions in bribes and illegal financing that the Odebrecht company put into the pockets and campaign coffers of politicians and public officials.
A United States judge on Monday sentenced Brazilian engineering company Odebrecht SA to pay US$2.6 billion in fines in a massive criminal corruption case, signing off on a plea deal between the company and U.S., Brazilian and Swiss authorities.
Brazil's state-run oil company says it posted a US$4.8 billion loss in 2016 mainly because of a reduction in the value of assets it needs to sell to lower a debt estimated at more than US$100 billion.
Brazil's president Michel Temer and senior lawmakers were unwavering in their support for a major pension reform on Wednesday despite nationwide protests against the proposal and the dramatic expansion of a graft probe threatening the ruling coalition.
Brazil's former president has appeared in court to deny allegations he was part of a plot to obstruct a massive corruption probe by keeping a former Petrobras executive from revealing what he knew. News media websites in Brazil published Tuesday's testimony by Lula da Silva, who told a federal court in Brasilia that he didn't even know Nestor Cervero, a former director of the State oil company.
A multilateral group of officials will jointly investigate the extent of corruption stemming from the Odebrecht bribery case. Following a meeting on February 16, executives from the public prosecution offices of Argentina, Brazil, Chile, Colombia, the Dominican Republic, Ecuador, Mexico, Panama, Peru, Portugal and Venezuela agreed to work together to fully investigate bribes alleged to have been paid to high-ranking officials across Latin America and beyond.
A Brazilian judge reinstated the nomination of a top ally of President Michel Temer to a ministerial post, but ruled he could not receive the legal protections other high-ranking politicians enjoy.
The offices of Mossack Fonseca, the law firm at the centre of the Panama Papers leak, were raided on 9 February as part of an ongoing investigation into Brazil's biggest corruption scandal, the so called Operation Carwash (Lava Jato in Portuguese) involving the state-run oil company Petrobras.
Brazil's Supreme Court named a new justice on Thursday to oversee cases against politicians caught in a giant corruption probe after the previous judicial point man was killed in an airplane crash.