Latin Leaders Felled By Odebrecht Corruption

The recent jailing of former Brazilian president Luiz Inácio Lula da Silva ended a dramatic two-week standoff with authorities as he turned himself in to face a 12-year jail sentence on corruption charges. The move put a spotlight on the political drama roiling Latin America as political leaders have been swept out of office by corruption charges.

Lula’s jailing stems from a corruption probe of Brazilian construction giant Odebrecht Engenharia e Construçao, S.A. The probe, nicknamed Operation Car Wash, engulfed giant state-owned firms such as Petrobras and politicians where Odebrecht has done business.

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About Bill Reinhardt

Editor of Public Works Financing newsletter
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