Legal System Working: Brazil's Top Leaders Caught In Kickback Scheme

At the ugliest of times is when a legal system in a democracy proves that it is working, which is the case in a kickback probe. In Brazil, a federal task force announced that it is investigating the country’s former president, Luiz Inacio Lula da Silva, in a corruption and kickback scheme that also bleed into the Petrobras scandal, one where U.S. institutional investors were recently significantly disadvantaged. Bridgewater Associates warned on this issue before the public bond offering, but their warnings were challenged by bank analysts.

Brazilian...

Login required to continue reading.

Setup a free account to get access to this article (no credit card required).

View Full Article

Already a member? Log in here