Edition: Global  
One News Page
“Probably the fastest-access news portal in the world”
> >

Brazil's former finance minister is arrested

Duration: 01:10s - Published: < > Embed
News video: Brazil's former finance minister is arrestedPolice in Brazil have arrested the country’s former Finance Minister Guido Mantega. Federal police say they took Mantega into custody at the Albert Einstein Hospital in Sao Paulo. Sources say his wife was due to have surgery. His lawyers have not so far responded to requests for comment. A statement from prosecutors said police executed warrants for eight arrests and 32 search and seizure operations in five states and the capital, Brasilia, on Thursday. Just in: Former finance minister Guido Mantega arrested in Brazil https://t.co/72K7zX3wIU pic.twitter.com/ck7HD1mtqj— Financial Times (@FT) September 22, 2016 Who is Guido Mantega? Mantega is Brazil’s longest-serving finance minister of the past 70 years. He was also chairman of Petroleo Brasiliero, or Petrobras as it is more commonly known. The state-run oil company is at the centre of a wide-ranging corruption scandal. Why is the arrest significant? Observers are taking it as a sign that a sweeping corruption investigation is closing in on the inner circle of the leftist Workers Party leadership, who ran the South American country for 13 years. Mantega’s arrest comes just two days after a judge decided to put former President Luis Inacio Lula da Silva on trial for allegedly accepting more than one million dollars in bribes from an engineering firm in the Petrobras scandal. Mantega was finance minister for almost nine years under Lula and the recently-impeached former President, Dilma Rousseff. #Brazil's former finance minister Guido Mantega arrested, charged with fraud, money launderinghttps://t.co/NnLuk6frCb pic.twitter.com/1vHUHjr5PZ— UPI.com (@UPI) September 22, 2016 “Operation X Files” As well as the former finance minister Mantega, the prosecution statement said the engineering groups Mendes Junior and OSX Construção Naval SA, part of a commodities empire built by former billionaire Eike Batista, are under the spotlight. Police have named the latest phase of the sweeping two-year Petrobras probe “Operation X Files” in reference to the letter X that Batista included in the names of his oil drilling, mining, shipbuilding and logistics companies. Prosecutors say Batista has testified to a conversation in November 2012 in which Mantega requested payment of the equivalent of 2.5 million US dollars to benefit the Workers Party.

0
shares
Share on
Facebook
Share on
Twitter
Post on 
Reddit
Share by
Email
 

Recent related news

Brazil ex-Minister Mantega released following arrest

Brazil ex-Minister Mantega released following arrestBrazil's former Finance Minister Guido Mantega, who was arrested earlier over the Petrobras...
BBC News - Americas

Former Brazil finance minister arrested in graft probe: source

SAO PAULO (Reuters) - Brazilian police arrested former Finance Minister Guido Mantega on Thursday as...
Reuters - WorldAlso reported by •Seattle Times


State TV: Iraqi parliament dismisses finance minister

BAGHDAD (AP) " Iraqi state TV says the finance minister has been dismissed following a no-confidence...
New Zealand Herald - WorldAlso reported by •Seattle TimesNewsmaxReuters


Greek ex-finance chief faces trial over wealth declarations

ATHENS, Greece (AP) " Court officials say a former Greek finance minister has been indicted for...
New Zealand Herald - World

Former Malaysian Leader Urges Separation of Top Goverment Roles

Former Malaysian Prime Minister Mahathir Mohamed says the role of prime minister shouldn’t be...
Wall Street Journal - World


You Might Like

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2016 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+