Brazil: Ex-Petrobras director jailed

Published May 28, 2015

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A BRAZILIAN judge sentenced a former international director at state-run oil firm Petroleo Brasileiro (Petrobras) to five years in prison for money laundering on Tuesday, the second company executive convicted in an ongoing corruption probe. Federal Judge Sergio Moro said there was ample evidence that the former director, Nestor Cervero, set up a front company to launder money. Cervero was fired from Petrobras last year and arrested in January as he stepped off a plane from Europe. Cervero’s lawyer said his client planned to appeal. The scandal has paralysed Petrobras’ infrastructure plans and undermined President Dilma Rousseff's political standing. More than 100 people have been indicted. – Reuters

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