IBOV 168,510.25 ▲ 1.31% IPSA 11,275.18 ▲ 0.79% IPC MEX 64,168.42 ▲ 0.37% MERVAL 2,921,945 ▲ 1.05% COLCAP 2,463.13 ▲ 0.08% BVL PERÚ 57,612.45 ▲ 1.83% USD/BRL5.17▼ 0.94% USD/MXN16.96▼ 0.63% USD/CLP919.18▼ 0.90% USD/COP3,048▼ 2.71% USD/PEN3.36▼ 0.10% USD/ARS1,498▲ 0.17% USD/UYU40.32▲ 1.93% USD/PYG5,992▲ 1.35% USD/BOB11.46▲ 0.14% USD/DOP58.75▲ 1.59% USD/CRC444.65▲ 1.72% USD/GTQ7.62▲ 2.21% USD/HNL26.81▲ 1.62% USD/NIO36.62▲ 0.69% USD/VES773.40▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.68▲ 0.55% EUR/BRL6.03▲ 0.16% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 168,510.25 ▲ 1.31% IPSA 11,275.18 ▲ 0.79% IPC MEX 64,168.42 ▲ 0.37% MERVAL 2,921,945 ▲ 1.05% COLCAP 2,463.13 ▲ 0.08% BVL PERÚ 57,612.45 ▲ 1.83% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Local Politics Politics - Brazil

Federal Police Investigate Rio’s Public Transport Companies

By · July 5, 2017 · 2 min read

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By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – The federal police in Brazil continued to serve arrest and search and seize orders in Rio de Janeiro on Wednesday morning, as part of an on-going investigation into the city’s public transportation system.

Brazil, Rio de Janeiro,Federal police take Fetranspor president in for questioning on Monday as part of Ponto Final operation
Federal police take Fetranspor president in for questioning on Monday as part of Ponto Final operation,Tânia Rêgo/Agência Brasil.
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On Tuesday night a judge blocked more than R$520 million in bank accounts from bus transportation owners and Rio’s main transport federation.

“I determine the seizure of assets and properties of those investigated and of the legal entities linked to them,” wrote Judge Marcelo Bretas in his decision.

The investigation, dubbed Operação Ponto Final (Final Bus Stop Operation) is part of the larger Lava Jato (Car Wash) investigation and involves former Rio governor Sergio Cabral.

Federal investigators say the million-dollar payment of bribes by bus companies and the Federation of Transport Companies of the State of Rio de Janeiro (Fetranspor) to government officials and representatives of entities responsible for overseeing Rio’s public transport system.

Over the years, according to investigators, corruption in the sector has led to higher tariffs and deterioration of the service. “It is very expensive, crowded and most with no air conditioning,” complains Ozeli Alves, who relies on public transportation on a daily basis to get to work. “It is hard on us who take the bus and train, it is always the user who ends up getting harmed,” concludes Alves.

On Monday federal agents served eleven arrest warrants and thirty search and seize orders, in their investigation of corrupt practices operating within the transportation sector in Rio, including Jacob Barata Filho the heir to one of the state’s largest transportation companies.

According to Marcelo Carpenter, one of Fetranspor’s lawyers, however, Judge Bretas’ decision may shut down the city’s bus system. “I believe that Judge Bretas was not alerted to the gravity of the decision. If it is carried out, it can cause the system to collapse,” said Carpenter according to government news agency, Agencia Brasil.

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