Brazil police raid brokerage for allegedly laundering 'Car Wash' bribe cash
Brazil police raid brokerage for allegedly laundering 'Car Wash' bribe cash
March 28, 2017, 12:28:00 PM EDT By Reuters
By Sergio Spagnolo
CURITIBA, Brazil, March 28 (Reuters) - Brazil's federal police on Tuesday raided a brokerage in Rio de Janeiro which they allege helped launder money for corrupt former executives of state-run oil firm Petrobras <PETR4.SA>, as part of their sprawling "Car Wash" anti-graft probe.
Police said they searched the offices of the Advalor Distribuidora de Titulos e Valores brokerage firm in Rio, which they allege facilitated the movement of bribes from big construction firms to the then-Petrobras executives, often to their overseas bank accounts.
A person who answered the phone at Advalor's Rio de Janeiro office did not respond to requests for comment.
Former Petrobras executive Roberto Goncalves was arrested in Tuesday's operation on the order of federal judge Sergio Moro, who oversees Operation Car Wash. Police allege Goncalves received at least $5 million in bribes paid into overseas bank accounts.
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