Lava Jato comes for the banks

Lava Jato comes for the banks

Economy & Policy Brazil Caribbean

Brazil's federal police force has started the next phase of the Lava Jato corruption investigation, looking to uncover a money laundering scheme at the local lender Banco Paulista. The police detained three executives — Paulo Cesar Haenel Pereira Barreto, Tarcísio Rodrigues Joaquim and Gerson Luiz Mendes de Brito — after federal prosecutors in the state of Paraná accused the bank of laundering BRL48m ($12.2m) for the construction company Odebrecht from 2009 to 2015. Federal prosecutors are also

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