Brazil: Brazil police arrest ex-finance minister Palocci in graft probe

Author(s): Pedro Fonseca | Date: September 26, 2016 | Language: English
Source: http://www.reuters.com/ | URL: https://goo.gl/e0WU26 | Type: Text

Brazilian police on Monday arrested Antonio Palocci, a powerful former finance minister and presidential chief of staff in recent Workers Party (PT) governments, as a sweeping anti-corruption probe hit even harder at the left-leaning party.
Prosecutors said at a news conference that Palocci acted as a liaison between the PT and Brazil’s largest engineering and construction conglomerate, Odebrecht SA [ODBES.UL], from 2006 to 2013 in a kickback scheme centered on contracts at state-led oil company Petroleo Brasileiro SA, or Petrobras.
“Evidence has surfaced … that he was responsible for coordinating his political party’s receipt of surreptitious payments from the Odebrecht Group,” read Monday’s search and arrest warrant signed by anti-corruption judge Sergio Moro.

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