Brazil Recovers Money Embezzled By Former Executive Of Petrobras

Brazil Recovers Money Embezzled By Former Executive Of Petrobras

RIO DE JANEIRO, March 12 (BERNAMA-NNN-XINHUA) -- Brazil's federal prosecution office announced on Wednesday that it has recovered 182 million reais (US$58.3 million) embezzled by Pedro Barusco, former executive of the country's troubled state oil giant Petrobras.

The money was recovered from a Swiss bank account under the name of Barusco, one of those involved in the huge corruption and money laundering scheme at Petrobras. He was also among the accused who agreed to reveal information about the scheme, collaborate with the police, and return the embezzled money in exchange for leniency.

Apart from the money embezzled by Barusco, Brazil has also managed to repatriate 45 million reais (US$14.4 million) embezzled by other people involved.

A team of Brazilian representatives went to Switzerland last November to recover the money kept in several accounts of people who participated in the corruption scheme.

The amount recovered in the so-called Lava-Jato Operation, a federal police task force in charge of the investigations, hit a record high.

More:
http://www.bernama.com/bernama/v8/wn/newsworld.php?id=1116229

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Pedro Barusco



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