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By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – One of former President Luiz Inacio 'Lula' da Silva’s most powerful cabinet members, Antonio Palocci, told Judge Sergio Moro yesterday (September 6th) shocking news implicating Lula and former President Rousseff...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The top prosecutor in Brazil, Rodrigo Janot, announced on Monday that an investigation into the testimony of JBS executives is underway. If it is found that they omitted vital information...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil's Chief Prosecutor, Rodrigo Janot, sent to the country’s Supreme Court on Tuesday 320 requests related to the mega corruption investigation dubbed Operação Lava Jato (Operation Carwash). Of the 320 there...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Fitch Ratings has downgraded Brazilian conglomerate Odebrecht’s Long-Term Foreign and Local Currency Issuer Default Ratings to 'CC' from, 'B- ' and its National Long-Term Rating to 'CC ', from 'BB-...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazilian construction conglomerate, Odebrecht, and one of its subsidiaries, Braskem, have agreed to pay at least US$3.5 billion in penalties due to bribes paid to government officials in Brazil, the...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Tension is high in Brazil’s capital, Brasilia, as close to eighty executives from the Odebrecht Group are expected to sign, starting Thursday, November 24th, plea bargaining agreements related to the...
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