[RIO DE JANEIRO] Some of Brazil's biggest political and business names have been snared in the country's sprawling anti-corruption investigation that began in 2014 as a probe into money laundering at a car wash outlet in the capital Brasilia. Read more at The Business Times.
The latest scalp is ex-president Michel Temer, who was arrested on Thursday in Brazil's biggest city Sao Paulo on allegations that he was the leader of a criminal organisation involved in corruption, embezzlement and money laundering.[RIO DE JANEIRO] Some of Brazil's biggest political and business names have been snared in the country's sprawling anti-corruption investigation that began in 2014 as a probe into money laundering at a car wash outlet in the capital Brasilia.
Hundreds more have been charged and some 13 billion reais recovered in an investigation the federal prosecutor's office said this month was"far from over."Market voices on: The 78-year-old joins a growing list of political and business elite to fall foul of investigators during the five-year crackdown that reflects the incredible reach of Brazil's bribery problem.
In a controversial decision this month, the Supreme Court said crimes such as money laundering that are connected to illegal campaign financing should be heard by electoral courts, not criminal courts.
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