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Montevideo, April 22nd 2021 - 12:17 UTC
Brazil’s Car Wash anti-corruption unit has officially been disbanded putting an end for a team of prosecutors that sent dozens of Brazilian and regional political and business leaders to jail, including several former presidents. Read full article
It's impressive that the ”Car Wash task force was responsible for 295 arrests, 278 convictions and 4.3 billion reais (US$ 803 million) in ill-gotten gains being returned to the Brazilian state”
Imagine if our entire continent adopted a similar task force...
Agreed. Unfortunately, corruption at all levels continues in Brazil and drains society of immense wealth and resources. Lava Jato was a significant step in the direction of changing the cultural and political mindset of Brazilian society; a process that takes generations.
In the early '90s I was a part of an investment group that attempted to enter the Argentine table grape business and were encouraged to invest heavily into a new project called Nueva California (not Nueva California Vitivinícola) that was a complete fraud that was so well orchestrated it fooled a couple of reputable banks — but when we arrived and field inspected the operation — it was obvious it was a scam.
Something over USD20 million disappeared and the developers never were prosecuted as the governmental authorities were all paid off.
Right you are; this is a problem all over the sub continent. According to some measures ( https://tradingeconomics.com/country-list/corruption-index?continent=america ), Uruguay, Chile and Costa Rica are better than others, but this malaise goes from high to low. The top levels of Brazilian government were in the cross hairs of lava jato, but here in a remote fishing village, the population is forced to depend on unreliable and low quality truck deliveries of water. There is a perfectly good well nearby,but the truck owners are directly connected to the town's aldermen. We are forming a community coalition, though, to address this and other endemic problems. It is that sort of grass roots initiative that shows promise to transform the root cause of the phenomenon. Wish us luck.
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