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Brazil braces for looming arrest of ex-President 'Lula' [FOX News]

Petroleo Brasileiro SA (PBR.A)  More Company Research Source: FOX News
US:NYSE Investor Relations: investidorpetrobras.com.br/en
PDF next Image 1 of 2 prev Image 2 of 2 SAO BERNARDO DO CAMPO, Brazil –   Latin America's largest nation prepared for what would have been unimaginable just a few years ago: the arrest of former President Luiz Inacio Lula da Silva, a once wildly popular leader whose administrations were credited with bringing millions out of poverty in one of the world's most unequal countries. Federal judge Sergio Moro, seen by many in Brazil as a crusader against graft, gave da Silva until 5 p.m. local time Friday to turn himself in and begin serving a sentence of 12 years and one month for a corruption conviction. Moro's warrant Thursday evening came after Brazil's top court, the Supreme Federal Tribunal, voted 6-5 to deny a request by the former president to stay out of prison while he appealed a conviction that he contends was simply a way to keep him off the ballot in October's election. He is the front-running presid [Read more]

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