Former Brazilian President Michel Temer arrested in anti-corruption sweep [Los Angeles Times (CA)]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
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Source: Los Angeles Times
Former Brazilian President Michel Temer arrested in anti-corruption sweep Former Brazilian President Michel Temer has been arrested in connection with a widespread corruption investigation that has already ensnared scores of the country’s business leaders and politicians. He was taken into custody Thursday morning in Sao Paulo and flown to Rio de Janeiro to respond to accusations of corruption related to a construction contract for the Angra 3 nuclear power plant. That contract is a small piece in a wider investigation into the former president and several associates. Federal prosecutor Fabiana Schneider told reporters Thursday that Temer headed a criminal organization that received more than $473 million in bribes. “There is a spreadsheet that shows promises of payments were made for over 20 years to the acronym MT, or Michel Temer,” she said. Temer has repeatedly denied wrongdoing. His party, the Brazilian Democratic Movement, released a statement defending the former president and
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