The Efromovich Brothers’ Nightmare: Arrested by Lava Jato after Avianca Bankruptcy

The brothers were arrested in São Paulo for alleged fraud in contracts between a shipyard belonging to the executives and Transpetro, a Petrobras subsidiary.

RIO DE JANEIRO, BRAZIL - The last two months have not been easy for the brothers José and Germán Efromovich, shareholders of Avianca Holdings. On July 14th, the courts decreed Avianca airline's bankruptcy in Brazil. And on Wednesday morning, August 19th, the Federal Police arrested the brothers in an operation linked to . . .

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