HALISTER1: Brazil’s Bradesco Says It Has Not Been Notified of Carwash Probe

Brazil’s Bradesco Says It Has Not Been Notified of Carwash Probe

(Bloomberg) -- Brazil’s Banco Bradesco also said it does not comment on matters that are under administrative or judicial evaluation in an emailed response to a comment request made by Bloomberg.
  • Local online publication specialized in politics Poder 360 reported today that Bradesco was being targeted by the Carwash task-force in an investigation kept under judicial secrecy
  • Investigations target a possible money laundering operation involving former Petrobras International Officer Nestor Cervero, according to the report
  • Potential flaw in Bradesco’s systems would have allowed a payment of 220,000 reais in bribe money for a luxury car in 2012
  • Federal Prosecutors in Parana declined to comment because the case is under secrecy, according to the report

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
PETR4 BZ (Petroleo Brasileiro SA)
BBDC4 BZ (Banco Bradesco SA)

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