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2014-08-11 17:40:00

BRAZIL: CORRUPTION VS REPUTATION

BRAZIL: CORRUPTION VS REPUTATION

In May 2013, convicted black market money dealer Alberto Youssef bought through third parties a luxury car for his friend and alleged accomplice, Paulo Roberto Costa, a former executive at state-oil company Petrobras .

But while negotiating the purchase of the R$250,000 ($110,000) Range Rover Evoque in São Paulo, they put their names together on a seemingly harm­less document: a proof of ad­dress. It was the only occasion in the mountains of police investigation documents seen by the Financial Times they voluntarily appeared together.

Federal police swooped. They raided the home of Mr Costa, confiscating the…

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Tags: BRAZIL, PETROBRAS, OIL,
Chronicle:
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