Brazil: Former Minister Antonio Pallocci jailed by Federal Police
Former Finance Minister Antônio Palocci.jpg
The Federal Police arrested early this Monday (Sep. 26) in São Paulo former Finance Minister Antonio Palocci, as ordered by the 35th stage of Operation Car Wash, dubbed Operation Omertá.
The allegations are that Palocci would be linked to directors of Odebrecht construction company, one of Brazil's biggest companies. The operation probes into the former minister and other people allegedly involved in a scheme to benefit the company with contracts negotiated with the government.
According to the federal police, the negotiations involved tax benefits in addition to increased Odebrecht's line of credit with the Brazilian Development Bank (BNDES) to an African country, as well as intervention in Petrobras bidding contracts for the acquisition of 21 drillships for pre-salt exploration.
Translated by Amarílis Anchieta
Fonte: Brazil: Former Minister Antonio Pallocci jailed by Federal Police
