Brazil
News

Lavo Jato police to open up to 100 new investigations

Bnamericas Published: Monday, February 22, 2016
Lavo Jato police to open up to 100 new investigations

Brazil's federal police expect, by June, to have started investigating 100 new cases of suspected corruption as the country's Lava Jato (car wash) probe rumbles on.

The focus will be on companies and individuals in the transport, energy and basic water and sanitation sectors, local paper Valor Econômico reported.

Federal police have identified "numerous" suspect payments involving funds originating in non-oil sectors, the paper added.

Citing information from the country's revenue department, the paper said the overall scheme is similar to that uncovered at state-run oil company Petrobras, the original focus of the Lavo Jato probe.

Police will investigate transactions from 2011, when projects started to be overpriced by 1-5% to pay off senior government officials, the paper said.

Federal judge Sergio Moro said around 750 public works "in various infrastructure sectors" are being looked at, Valor reported.

Officials said further details could not be released as investigations are still in their early stages.

The Lava Jato graft probe began by targeting Petrobras contracts but has since spread to a number of other public and private companies.

The investigation has ensnared dozens of executives and top politicians since being launched in March 2014.

***

UPCOMING BNAMERICAS EVENTS

5TH Mexico Infrastructure Summit

Click here to see the agenda and speakers

4TH Mexico Oil & Gas Summit

Click here to see the agenda and speakers

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: Oil & Gas (Brazil)

Get critical information about thousands of Oil & Gas projects in Latin America: what stages they're in, capex, related companies, contacts and more.

Other companies in: Oil & Gas (Brazil)

Get critical information about thousands of Oil & Gas companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Vibra Energia S.A.  (Vibra Energia)
  • Vibra Energia, formerly BR Distribuidora, is a Brazilian energy company and a subsidiary of federal giant Petrobras. The company operates in the following segments: filling stat...
  • Company: Acelen
  • Acelen has more than 31 products, most of which crucial for various sectors of the economy, such as: mobility, transportation, the chemical industry, pharmaceuticals and the ent...
  • Company: Consórcio Libra P1
  • The Libra_P1 Consortium is responsible for developing the Libra offshore exploration and production block, located on Sector SS-AUP1 of Santos Basin. The consortium was awarded ...
  • Company: 3R Petroleum Óleo e Gás S.A.  (3R Petroleum)
  • 3R Petroleum Óleo e Gás is a hydrocarbon exploration and production company created in 2010. 3R has onshore and offshore operations with assets located in the Potiguar (Macau, F...