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Tag: Sergio Cabral

By Beatriz Miranda, Contributing Reporter RIO DE JANEIRO, BRAZIL - In a new phase of the Lava Jato Operation, Brazil's Federal Police arrested thirteen politicians and businessmen in Rio on Tuesday, November 14th. They are accused of crimes ranging...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Federal Police in Brazil arrested Carlos Arthur Nuzman this morning (Thursday, October 5th), the president of the Brazilian Olympic Committee (COB), as well as the general director of the Rio...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The ex-governor of Rio de Janeiro, Sergio Cabral, was sentenced to fourteen years and two months in prison for passive corruption and money laundering in the Lava Jato (Car...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – With a 2 to 1 vote, Brazil’s Securities and Exchange Commission (CVM) found the once billionaire businessman Eike Batista guilty of insider trading, ordering Batista to pay a fine of...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Fraudulent contracts awarded to complete Rio de Janeiro’s Metro Line 4 may have cost taxpayers more than R$3.17 billion in over billing, according to the state’s public prosecutor’s office (MPRJ). “The...
By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL - According to court documents just released to the public, executives of embattled Brazilian construction giant Odebrecht admitted to paying some US$2.3 million in bribes to win the contract to renovate...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Former Rio de Janeiro governor, Sergio Cabral, has been formally charged of money laundering, currency evasion and passive corruption in the Lava Jato (Carwash) corruption scandal. This is the second...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Rio de Janeiro’s Regional Electoral Court (TRE-RJ) on Wednesday, voted 3 to 2 for state governor, Luiz Fernando de Souza Pezão, and his running mate, Francisco Dornelles, to step down...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Former Brazilian billionaire, Eike Batista, handed himself over to authorities on Monday, after arriving in Rio de Janeiro’s International Airport. Batista had been in New York when his arrest warrant...

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