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Stock impact report

Former President of Brazil Michel Temer arrested in corruption case [Toronto Globe and Mail (Ontario, Canada)]

Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A) 
US:NYSE Investor Relations: investidorpetrobras.com.br/en
Former President of Brazil Michel Temer arrested in corruption case Brazilian federal police arrested former president Michel Temer on Thursday morning at his home in Sao Paulo, less than three months after he left office, in connection with corruption allegations as part of the sweeping Lava Jato investigation. Moreira Franco, a top cabinet minister in the Temer administration and powerful former governor of the state of Rio de Janeiro, was also arrested; warrants have been issued for a host of other Temer advisers and aides, and for his daughter. The arrest makes Mr. Temer, 78, the second Brazilian president jailed in connection with Lava Jato – and has major implications for the country’s fight against corruption, and its long-simmering political crisis. Story continues below advertisement Lava Jato, or car wash in English, is a sprawling investigation into a system of kickbacks and bribes to politicians that began in 214 with the state energy company Petrobras, and has seen politi Show less Read more
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