Tag: Nestor Cervero

• Wednesday, March 15th 2017 - 08:04 UTC

  Lula da Silva denies all charges in court; “I have been a victim for three years”

  

  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.

• Wednesday, March 9th 2016 - 05:14 UTC

  Construction tycoon sentenced to 19 years in prison for Petrobras corruption scandal

  

  Brazilian construction tycoon Marcelo Odebrecht, 47, was sentenced Tuesday to 19 years in prison for corruption and money laundering in the giant Petrobras embezzlement scandal shaking Latin America's biggest country Petrobras in what prosecution has identified as Operation Car Wash.

• Friday, January 22nd 2016 - 07:05 UTC

  Lula furious over bribe allegations says he's the most honest man in Brazil

  

  Brazil's ex president Lula da Silva declared that there is “no more honest living soul in the country” than him, as he angrily rejected new corruption allegations linking himself and some of his relatives to the corruption scandal involving state-run oil company Petrobras.

• Friday, January 15th 2016 - 09:13 UTC

  Petrobras scandal prosecution-informer involves president Rousseff in the scheme

  

  Brazilian president Dilma Rousseff, and three former heads of state have been dragged into the investigation into the huge corruption scheme in the state-run oil firm Petrobras. According to informer Nestor Cerveró, Rousseff was personally involved in negotiations for votes in Congress in exchange for top jobs in Petrobras.

• Wednesday, January 13th 2016 - 07:59 UTC

  Former Petrobras manager states in plea-bargain that Lula was aware of the corruption scheme

  

  Former head of Petrobras' international sector Nestor Cervero has made a statement as part of his plea bargain, in which he says that Brazilian former president Lula a Silva gave him a job in 2008 as “recognition” for his help in repaying a R$12 million (US$3 million) loan considered fraudulent by police.

• Thursday, November 26th 2015 - 08:23 UTC

  Brazil in shock: a leading senator and billionaire fund manager arrested for obstructing justice

  

  Brazil is in shock following the arrest by police on Wednesday of a senior ruling-party senator and a billionaire investment banker in the intensifying probe of a huge corruption network centered on state oil giant Petrobras.

• Tuesday, August 18th 2015 - 09:28 UTC

  Former Petrobras top official sentenced to 12 years in prison

  

  A Brazilian judge sentenced Nestor Cervero, former international chief of state-run oil firm Petrobras, to just over 12 years in prison on Monday for corruption and money laundering related to a bribe allegedly paid to the speaker of Brazil's lower house of Congress.

• Friday, July 3rd 2015 - 07:12 UTC

  Petrobras investigation looks into corruption by a dozen foreign companies

  

  Brazilian police on Thursday arrested Jorge Zelada, former director of Petrobras' international division, as part of an ongoing investigation into bribery and corruption at the state-run oil producer, prosecutors have said. Zelada is suspected of money-laundering, appropriating public funds, corruption, tax evasion and contract fraud.

• Wednesday, May 27th 2015 - 04:53 UTC

  Petrobras former director sentenced five years in prison for money laundering

  

  A Brazilian judge has sentenced a former international director at the country's largest corporation and government managed Petrobras to five years in prison for money laundering, the second company executive convicted in an ongoing corruption probe.

• Saturday, January 17th 2015 - 07:49 UTC

  Petrobras corruption scheme could reach 28bn dollars according to police

  

  The corruption scheme in Brazil's leading corporation Petrobras could exceed 28 billion dollars, making it the largest corruption scandal that the country has ever seen. The development was reported through an interview by Reuters of Brazilian police officer, Erika Marena, investigating the corruption probe.