Brazil: Police raid former President Lula's home over Petrobras scandal



    Brazil: Police raid former President Lula's home over Petrobras scandal

    March 4, Brasília: The Brazilian police have raided ex-President Luiz Inacio Lula da Silva's home while inquiring fraud in the goverenment owned Petrol Company Petrobras on Friday.

    According to reports, the former president was  brought in for questioning as part of the ongoing operation titled Operation Carwash. The operation that began in March 2014 is being carried out by the Federal Police of Brazil, Curitiba Branch, and commanded by Judge Sérgio Moro since.

    It had initially begun as a money laundering investigation, that expanded to cover allegations of corruption at the state-controlled oil company Petrobras, where it is alleged that executives accepted bribes in return for awarding contracts to construction firms at inflated prices.

    Till date over a hundred warrants for search and seizure, temporary and preventive detention and coercive measures, have been issued in an effort  to ascertain a money laundering scheme suspected of illegally transferring over10 Billion Brazilian Reais (approx. USD 3.5 Billion @ 2.84 BRL / 1 USD, as of March 2, 2015).

    The Oslo Times

     
     

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