By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – Brazil’s Development Bank (BNDES) announced on Tuesday (October 11th) it suspended US$4.7 billion worth of overseas contract payments granted to those companies investigated by federal prosecutors in the Lava Jato (Car wash) scandal. Among the companies affected are some of Brazil’s largest engineering and construction companies.
Because of the involvement of the country's leading construction companies in the Lava Jato scandal the financing . . .