HALISTER1: Brazil Carwash Prosecutors Accuse Lula of Alleged Corruption

Brazil Carwash Prosecutors Accuse Lula of Alleged Corruption

(Bloomberg) -- Former President Luiz Inacio Lula da Silva is also accused of money laundering, according to statement published on Federal Prosecutors website.
  • Accusation relates to contracts signed between Petrobras and builder Odebrecht
  • Bribes paid by Odebrecht in scheme led by Lula reached 75m reais in 8 contracts with Petrobras, including a land area valued at 12.5m reais for Instituto Lula and an apartment valued at 504,000 reais
  • Prosecutors also accused Marcelo Odebrecht, Antonio Palocci, Branislav Kontic, Paulo Melo, Demerval Gusmao, Glaucos da
Costamarques, Roberto Teixeira and Marisa Leticia Lula da Silva
  • Link to statement
  • Instituto Lula’s press office said it’s not aware of this new accusation
    • “We’ve always acted accordingly to the law before, during and after presidency”
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
PETR4 BZ (Petroleo Brasileiro SA)

People
Luiz Inacio Da Silva (Federative Republic of Brazil)
Marcelo Odebrecht (Odebrecht SA)

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