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Tag: Lava Jato scandal

RIO DE JANEIRO, BRAZIL - While Covid-19 emptied Rio de Janeiro's beaches and overwhelmed hospitals, luxury real estate broker Frederic Cockenpot received a flood of inquiries. Businesses were closed and the economy was shaken, but foreign clients would do...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Petrobras America Inc. (PAI), a Petrobras subsidiary, signed a purchase and sale agreement on Wednesday with Chevron USA Inc. for the sale of the shares it held of the...
Opinion by Jeb Blount RIO DE JANEIRO, BRAZIL – I’ve rarely been as depressed about Brazil’s future as I was watching the giant Brazil-wide protests May 30th against Brazilian President Michel Temer. On the surface at least, the rallies were a...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Petrobras’ Board of Directors announced that it had agreed on settlements to end four individual lawsuits filed before the Federal Court of New York, in the United States. These agreements...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Implicated in the mega corruption scandal known as Lava Jato (Carwash), UK’s Rolls-Royce announced on Monday it had reached an accord with Brazil’s Ministerio Publico Federal (Public Prosecutor’s Office) to...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The oil giant of Brazil, Petrobras, received R$204 million in recovered funds from the Operação Lava Jato (Car Wash Operation) corruption investigations on Friday, November 18th, but the company’s CEO,...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – In jail since June of 2015, the former head of one of Brazil’s largest construction companies, Marcelo Odebrecht, is ready to cooperate with authorities looking into the Lava Jato (Carwash)...

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