Political turmoil and chronic corruption in Brazil and Mexico; safety in Colombia, Chile and Peru; and monster risks and margins in Venezuela.
Archive of: Brazil
Ten takeaways from a carnival of corporate chicanery—five reasons why it marks an encouraging turning point for the region, and five reasons to doubt that graft won’t continue to thrive.
Anti-corruption prosecutors in Lima have leaked a document that provides a snapshot of the detail that is emerging of the money flows at the heart of the Brazilian company’s international bribery scheme.
Odebrecht’s disclosure of bribery across the region will test each country’s political willingness and institutional autonomy to act on evidence of industrial-scale corruption.
A package of leniency deals poised to be signed by the construction giant’s executives with prosecutors will not only have consequences in Brazil, but also in several other countries in the region.
It’s a pivotal moment for Mexico as a regional governor goes missing amid massive fraud claims just as a drive to implement a package of aggressive anti-corruption reforms gains traction.
Prosecutors say bribes were managed using a software system which catalogued the amounts paid, the codenames of their recipients, how the payments were physically made, and in reference to which project.
For corruption watchers in the region, there has long been suspicion over how Odebrecht managed to capture such an extensive array of public sector infrastructure contracts worth billions of dollars, beyond just being good at building bridges, highways and airports.
Investigators have reportedly seized a list of hundreds of offshore companies - and their Brazilian shareholders - set up by Mossack Fonseca, a potential goldmine of information that could accelerate the pace of Lava Jato and spark other money-laundering probes.
The detention of Esteves jolts - in spectacular fashion - the Lava Jato anti-corruption investigation into the sphere of Brazil’s financial services sector.
The multi-billion dollar bribery scandal swirling around Petrobras is causing ructions in Brazil, but graft on a similar—or greater—scale relating to oil companies is occurring elsewhere in Latin America.