Tag: BNDES National Development Bank

• Monday, May 9th 2016 - 09:04 UTC

  Brazilian prosecutors after another can of worms: the huge development bank

  

  A former Brazilian finance minister and the current head of the nation's state economic and social development bank allegedly pressured big construction firms into making campaign donations for President Dilma Rousseff, a newspaper reported on Sunday. If it proves correct it would be the first concrete lead linking the Petrobras corruption with BNDES, long suspected by Brazilian prosecution.

• Saturday, October 17th 2015 - 06:30 UTC

  Lula da Silva questioned for 90 minutes on allegations of influence peddling

  

  Brazilian ex-President Lula da Silva, who allegedly used his influence to aid a leading domestic engineering group after leaving office, voluntarily testified on Thursday before federal prosecutors during an hour and a half, his foundation said.

• Tuesday, March 31st 2015 - 12:08 UTC

  Brazil's development bank admits losses of 800m dollars on Petrobras stock

  

  Brazil's state-run National Development Bank posted healthy profits Monday, but indicated losses of some 800 million dollars on its stock in Petrobras, whose market value has plunged on a graft scandal and lower oil prices.