Saudi deputy FM meets Sudan's Sovereign Council chief in Port Sudan    Kuwait, India to elevate bilateral relations to strategic partnership Sheikh Mishal awards Mubarak Al-Kabir Medal to Modi    MoH to penalize 5 health practitioners for professional violations    Al-Samaani: Saudi Arabia to work soon on a comprehensive review of the legal system    Environment minister inaugurates Yanbu Grain Handling Terminal    Germany's attack suspect reportedly offered reward to target Saudi ambassador    U.S. Navy jet shot down in 'friendly fire' incident over Red Sea    Israeli strikes in Gaza kill at least 20 people, including five children    Trudeau's leadership under threat as NDP withdraws support, no-confidence vote looms    Arabian Gulf Cup begins with dramatic draws and a breathtaking ceremony in Kuwait    GACA report: 928 complaints filed by passengers against airlines in November    Riyadh Season 5 draws record number of over 12 million visitors    Fury vs. Usyk: Anticipation builds ahead of Riyadh's boxing showdown    Saudi Arabia to compete in 2025 and 2027 CONCACAF Gold Cup tournaments    Marianne Jean-Baptiste on Oscars buzz for playing 'difficult' woman    PDC collaboration with MEDLOG Saudi to introduce new cold storage facilities in King Abdullah Port Investment of SR300 million to enhance logistics capabilities in Saudi Arabia    Al Shabab announces departure of coach Vítor Pereira    My kids saw my pain on set, says Angelina Jolie    Legendary Indian tabla player Zakir Hussain dies at 73    Eminem sets Riyadh ablaze with unforgettable debut at MDLBEAST Soundstorm    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Brazil's Petrobras graft probe expanded to top politicians
Published in The Saudi Gazette on 08 - 03 - 2015

RIO DE JANEIRO — An investigation into what prosecutors call the biggest corruption scandal ever uncovered in Brazil won Supreme Court approval to expand to dozens of top politicians for alleged ties to a kickback scheme at the state-run energy company.
In a significant expansion of the probe, the new phase of the inquiry will focus on a former president, the leaders of the house and senate and 51 other figures — but the number is expected to expand as federal prosecutors dig into political ties to the scheme that they say saw at least $800 million in bribes and other funds paid by big construction and engineering firms in return for inflated contracts with Petrobras.
The investigation and any possible trials will take years to play out, but the action throws the young second term of President Dilma Rousseff into further disarray as she faces dueling political and economic crises. She is not being investigated, although she was chairwoman of the Petrobras board for several years as the kickback scheme played out.
Experts say the investigations could create further gridlock in congress just as Brazil and its sputtering economy desperately need fiscal and political reform measures passed. But the investigation is widely viewed as a necessary evil for the nation's democracy to advance and shake off deep-rooted impunity for the rich and powerful.
“You can't put this genie back in the bottle. People are going to have to face the consequences,” said Paulo Sotero, director of the Brazil Institute at the Woodrow Wilson International Center for Scholars in Washington. “There used to be the idea that people in positions of power in Brazil were untouchable. They're no longer untouchable.”
Federal investigators revealed a year ago that they had started an investigation into the scheme, and efforts until now focused efforts on construction and engineering firms that allegedly paid big money to get inflated contracts with Petrobras. Prosecutors say some of the cash flowed into the campaign coffers of the president's Workers' Party and its allies.
During the first phase of the inquiry, investigators struck plea bargain deals with several “operators” who said they helped move the money around in the deals, along with former top Petrobras executives who admitted raking in hundreds of millions in bribes. That testimony paved the way for the opening of investigations into politicians who allegedly benefited from kickbacks.
Under Brazilian law, the Supreme Court has to approve any investigation of legislators or top officials in the executive branch. Any criminal charges or trials of such figures must also must be approved and judged by the top court.
Among those the court said would now be investigated are former president and current senator Fernando Collor, who was forced from the presidency by a corruption scandal in 1992 before making a political comeback in recent years.
Also to be investigated are Senate leader Renan Calheiros and Eduardo Cunha, who heads the lower house. Both are members of the powerful Brazilian Democratic Movement Party, part of the governing coalition led by the Workers' Party. Both have already shown they are ready to create serious gridlock in congress because of the investigation.
Rosemary Segurado, a political scientist at the University of Sao Paulo, said the two congressional leaders would use the threat of blocking important projects as a “bargaining chip” to pressure Rousseff's government to help protect them. She cited tax, fiscal and political reforms needed as Brazil's economy stalls into recession.
Also on the investigation list are Rousseff's former chief of staff and current senator, Gleisi Hoffman; Rousseff's former Energy Minister Edison Lobao; and Antonio Palocci, who was finance minister under the previous president, Luiz Inacio Lula da Silva, and was Rousseff's first chief of staff.
In an emailed statement, the Workers' Party said that it was “proud to lead governments that have relentlessly fought corruption. It was the governments of Lula and Dilma who have most fought corruption, strengthening the oversight and control agencies and guaranteeing the independence and autonomy of federal prosecutors and the federal police.”
The scandal has seriously damaged the reputation of Petrobras, Brazil's largest company. It is responsible for tapping upward of 100 billion barrels of offshore oil found in recent years, wealth that leaders have repeatedly said they view as the nation's “passport” to achieving developed-world status.
But the debt-plagued company is struggling — it was recently downgraded to junk status by Moody's Investors Service and it said this week it would sharply cut back investment and sell off assets. — AP


Clic here to read the story from its source.