International Financial Law Prof Blog

Editor: William Byrnes
Texas A&M University
School of Law

Thursday, March 21, 2019

Michel Temer: Brazil ex-president arrested in corruption probe

Former Brazilian President Michel Temer has been arrested in São Paulo as part of a massive corruption investigation. (BBC)

NY Times: former President Luiz Inácio Lula da Silva, who was sentenced to 12 years in prison for corruption and money laundering

Reuters states: Prosecutors alleged that Temer was the leader of a “criminal organization” that took in 1.8 billion reais ($472 million) in bribes or pending future kickbacks as part of numerous schemes, including one related to the Angra nuclear power plant complex on the Rio de Janeiro coast and other state firms. 

Former Minister Moreira Franco (Mines and Energy) was also arrested. (Estadão  - in Portuguese)

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