March 21, 2016
LF: Describe your role in the investigation.
CW: We’re a team of 11 prosecutors and our work is linked with other state organizations, the federal police, the department of federal revenue and the central bank. We’re talking with them all of the time and exchanging information.
The last two years we have investigated, we have about 179 people accused, eight people convicted and we’ve recovered about $500 million. We’ve seized $1 billion in assets from shell companies and builder companies. We’re investigating and trying to put these people in jail.
LF: What’s your sense as to how many more people we could see involved?
CW: I’m not sure we’re in the middle. We’re probably 30% or 40% into the
Brazilian prosecutor Carlos Welter has been part of a team that has recovered billions of reais and targeted some of Brazil’s most powerful elite. Welter spoke to LatinFinance about the investigation and what it means for Brazil