Brazil’s BNDES Criticizes Courts Over Lava Jato Graft Case

BNDES President says companies involved in corruption scandal have halted important projects and hindered entire sectors of the economy.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The president of Brazil’s Development Bank (BNDES) criticized judicial decisions handed down to companies investigated in the Lava Jato (Car Wash) corruption scandal on Monday, stating that they lack an economic viewpoint and are preventing the continuation of important works.

For Paulo Rabello de Castro, executives detained in what is now considered the largest graft scandal in the country’s history, should be allowed to return to their businesses . . .

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