MercoPress. South Atlantic News Agency
Three Brazilian top executives convicted in relation with Petrobras corruption
Three executives of Brazil's Camargo Correa group were convicted of money laundering, corruption and other charges, the first construction-industry executives to be sentenced in a giant price fixing and bribery scandal involving state-run oil company Petrobras. Read full article
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Disclaimer & comment rulesTo Victory Brazilians.
Jul 21st, 2015 - 01:48 pm - Link - Report abuse 0https://www.youtube.com/watch?v=dh9HI4eudR8
Going after corruption is one indicator Brazil is moving into a civilized country. It has a very looooong road ahead of it and frankly I doubt I'll see a civilized Brazil in my lifetime but this is a good start.
Jul 21st, 2015 - 02:06 pm - Link - Report abuse 0They may collapse the current political structure if they dig much deeper.
So that's a plus.
This is the result of strong institutions, perseverance and commitment to Brazil. This is the result of the Workers Party!
Jul 21st, 2015 - 02:22 pm - Link - Report abuse 0The truth will be revealed little by little. There has never been democracy as now. There was never a ready state apparatus to fight corruption.
Only now.
Hoisted by their own petard.
Jul 21st, 2015 - 02:52 pm - Link - Report abuse 0@3
Jul 21st, 2015 - 03:43 pm - Link - Report abuse 0At last you are right Brasso. The corruption is the result of the Workers Party.
Congrats
@3 brASSHOLE
Jul 21st, 2015 - 04:15 pm - Link - Report abuse 0you are right...for a change : “The truth will be revealed little by little”.
Slowly but surely the noose will tighten around the PT's neck and those of the other corrupt politicians.....even Renato Duque, ex-director of PB who received millions in bribes - some of it already tracked to foreign bank accounts in Switzerland and Monaco, in his name - is finally reconsidering the possibility of making a plea bargain... he is seeing his pals in crime being condemned and is starting to crap his pants. Hope he throws more shit into the fan.
“The truth will be revealed little by little.”
Jul 21st, 2015 - 04:24 pm - Link - Report abuse 0ANd when they finish peeling that onion, the core with be Dilma and Lula.
Perhaps Brazil could export that kind of justice to the courts of Argentina.
Jul 21st, 2015 - 04:27 pm - Link - Report abuse 0”While Avancini and Leite each received prison sentences of 16 years and four months and fines of 1.3 million reais (US$406,250), their assistance in the case resulted in the judge knocking that down to about four months already served, a year of house arrest with electronic monitoring, and two to six years of modified house arrest.
Jul 21st, 2015 - 04:47 pm - Link - Report abuse 0If modified house arrest is approved in 2016, the pair would be free weekdays, but confined to their homes on nights and on weekends. Failure to comply could result in them being sent to prison.
The third executive, Auler, faces nine years and six months plus a fine of 627,150 reais. The first part of his sentence must be served in a penitentiary, Judge Moro said, adding that any easing of the terms will be dependent on the return of illegally obtained funds.“
What a joke.This is Brazilian ”justice”? How about 16 years of hard labour for the first two and 9 years hard labour for the third. Plus a 500 lash whipping for each one every evening. Just to make sure they spend every night in agony. Perhaps a sprinkling of salt.
If Marcelo Odebrecht turns evidence in a plea bargain the Brazilian house must certainly collapse and squash Lula and Dilma. Cross your fingers.
Jul 21st, 2015 - 08:17 pm - Link - Report abuse 0My guess is that Marcelo Odebrecht will end up squealing.....otherwise he'll face prison time for trying to be loyal to scum like Lula.....he, definitely holds Lula's fate in his hands.
Jul 21st, 2015 - 11:08 pm - Link - Report abuse 0Another train wreck coming here http://in.reuters.com/article/2015/07/22/petrobras-braskem-idINL1N10200C20150722
Jul 22nd, 2015 - 01:08 am - Link - Report abuse 0Oh dear, and here is me thinking that the only way to get contracts in developing countries was to pay “ kickbacks ” or “ bribes ” just shows how wrong one can be. I thought it was standard practice.
Jul 22nd, 2015 - 07:42 am - Link - Report abuse 0PBR is worth 5% of what it was worth just a few years ago.
Jul 22nd, 2015 - 12:19 pm - Link - Report abuse 0The weight of its debt is unsustainable.
There's no assets to back up the debt.
Brazil as a country can't help it.
I doubt very much it will survive as a private company much longer
It is sad that this “growth” the Brazil nuts crowed about over the last decade was all due to corruption and false numbers. They will pay dearly for their lies and probably the next generation will too.
Why to Progressives lie so much?
@12 Tik Tok
Jul 22nd, 2015 - 05:27 pm - Link - Report abuse 0Marcelo Odebrecht is up to his eyeballs in shit......Now, Braskem also has come under the scrutiny of the Federal Police....he is definitely going down, just remains to see if he wants to go it alone, or take down the real villains with him.
@14 yb
PB is only partially privatized. The majority of the voting shares are in the hands of the government , reason why they had it so easy to set up all these corruption schemes and benefit themselves and the PT.
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