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How Brazil’s ‘Nine Horsemen’ Cracked a Bribery Scandal
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Connors and Magalhaes provide an exceptional account of the work of nine young prosecutors in Brazil, including Deltan Dallagnol, a Harvard trained law graduate, Carlos Santos Lima, a Cornell law graduate, and Paulo de Carvalho, in looking into the corruption and money laundering at Petrobras. Contracts for work given out by Petrobras to construction firms were inflated in value, and 3% of the inflated value was given to executives at Petrobras, or to the fund of the ruling Workers Party of Brazil. Dallagnol is a prosecutor in Curitiba, a small provincial city. He detected unusual movement of money, where a local car wash showed a new Land Rover being gifted to a Petrobras executive, in an apparent money laundering effort. Appointments at high levels are made by the government, and the current president who has not been implicated, was at one time chairman of Petrobras. In Brazil, as in India, Nigeria, and other developing countries, politicians were known to have misused public funds, but were able to act with impunity because the legal system made it difficult to impose strict penalties. The effort by the young prosecutors in Brazil is an effort to bring changes to the legal system so that this type of near impunity no longer exists. It is the first step to bringing serious changes and increasing public awareness for change. The result in Nigeria is a huge loss in Africa, with the electricity system for the entire country the size of what it would take to light up one medium sized American city. In India with the lack of roads and electricity in rural areas of many states, the misuse of public funds is a similiar burden on the people. Brazil is coming out of a borrowing binge in the last ten years which is leading to a credit crunch in the country and near junk bond status for Petrobras, Brazil's largest company, which experts predict will lead to a contraction in the economy in 2015-2016.
Corruption in Brazil- the investigation at Petrobras in 2014-2016
12/04/2014
Grouped Articles
Former Petrobras Executive to Return $100 Million in Corruption Probe
Wall Street Journal 12/04/2014
Petrobras CEO Leaves Open the Possibility of Resignation
Wall Street Journal 12/18/2014
How Brazil’s ‘Nine Horsemen’ Cracked a Bribery Scandal
Wall Street Journal 04/07/2015
An Escalating Corruption Scandal Rocks Brazil
Wall Street Journal 04/13/2015
Brazil’s Petrobras Reports Nearly $17 Billion in Asset and Corruption Charges
Wall Street Journal 04/23/2015
Brazil Arrests the Heads of Construction Giants in Graft Probe
Wall Street Journal 06/19/2015
The work of Judge Sergio Moro, and prosecutors led by Deltan Dallagnol, to strengthen the legal system in Brazil for tackling corruption
04/07/2015
The story of the Petrobras investigation in Brazil is the result of the hard work put in by six prosecutors in the Brazilian city of Curitiba. Their hope is to bring some aspects of the U.S. legal system to Brazil to reduce the level of corruption. It comes at a time when there is a greater awareness in Brazil- and in many developing countries such as Brazil, Nigeria and others- of the cost of waste of public funds. In Brazil essential services including transportation have suffered for lack of funds, leading to public protests. A huge amount of borrowing took place in the last 10 years resulting in a debt crisis and credit crunch in the country which is likely to lead to low or stagnant growth.
Grouped Articles
How Brazil’s ‘Nine Horsemen’ Cracked a Bribery Scandal
Wall Street Journal 04/07/2015
An Escalating Corruption Scandal Rocks Brazil
Wall Street Journal 04/13/2015
Brazil’s Petrobras Reports Nearly $17 Billion in Asset and Corruption Charges
Wall Street Journal 04/23/2015
Brazil Arrests the Heads of Construction Giants in Graft Probe
Wall Street Journal 06/19/2015
With Arrest of Marcelo Odebrecht, Brazil’s Corruption Probe Moves to the Penthouse
Wall Street Journal 06/19/2015
Brazil Arrests Head of Odebrecht in Petrobras Scandal
New York Times 06/19/2015
"Operation Car Wash" in Brazil- the young prosecutors in Curitiba, Brazil, who traced the fund laundering for bribe payments at Petrobras
04/07/2015
Grouped Articles
Roots of a Brazilian Scandal That Weighs Heavily on the Nation’s Economy, Politics
Wall Street Journal 06/19/2015
How Brazil’s ‘Nine Horsemen’ Cracked a Bribery Scandal
Wall Street Journal 04/07/2015
Brazil’s Petrobras Reports Nearly $17 Billion in Asset and Corruption Charges
Wall Street Journal 04/23/2015
Petrobras Oil Scandal Leaves Brazilians Lamenting a Lost Dream
New York Times 08/07/2015
Ex-President of Brazil Sentenced to Nearly 10 Years in Prison for Corruption
The New York Times 07/12/2017
Petrobras corruption investigation in 2014
11/15/2014
Grouped Articles
Petrobras Scandal Widens, Earnings Delayed
Wall Street Journal 11/15/2014
Overheard: The Fall of a National Champion
Wall Street Journal 11/15/2014
Petrobras CEO Leaves Open the Possibility of Resignation
Wall Street Journal 12/18/2014
Petrobras CEO and Five Other Executives Resign
Wall Street Journal 02/05/2015
How Brazil’s ‘Nine Horsemen’ Cracked a Bribery Scandal
Wall Street Journal 04/07/2015
Brazil’s Petrobras Reports Nearly $17 Billion in Asset and Corruption Charges
Wall Street Journal 04/23/2015
Joaoquim Barbosa, Chief Justice of Brazil and the corruption trials for politicians in Brazil
08/23/2013
Grouped Articles
A Blunt Chief Justice Unafraid to Upset Brazilâs Status Quo
New York Times 08/23/2013
Former Petrobras Executive to Return $100 Million in Corruption Probe
Wall Street Journal 12/04/2014
How Brazil’s ‘Nine Horsemen’ Cracked a Bribery Scandal
Wall Street Journal 04/07/2015
Brazil Arrests the Heads of Construction Giants in Graft Probe
Wall Street Journal 06/19/2015
Wife of Suspended Brazilian Lower-House Speaker Eduardo Cunha Indicted
WSJ 06/10/2016
Ex-President of Brazil Sentenced to Nearly 10 Years in Prison for Corruption
The New York Times 07/12/2017
"Operation Car Wash"- Petrobras, construction firms Odebrecht SA, Andrade Gutierrez, the Workers Party, and young prosecutors in Curitiba, Brazil
04/07/2015
Linked Articles
Brazil Arrests the Heads of Construction Giants in Graft Probe
Wall Street Journal 06/19/2015
How Brazil’s ‘Nine Horsemen’ Cracked a Bribery Scandal
Wall Street Journal 04/07/2015
A black law student at the University of Brasilia, a Harvard trained law graduate in Curitiba, and others changing Brazil's legal system
08/23/2013
Barbosa is one of eight children of a bricklayer in Minas Gerais, now Chief Justice in Brasilia. Dallagnol is a Harvard trained graduate who is working with other prosecutors in Curitiba, a provincial city, investigating corruption and money laundering in Petrobras.
Linked Articles
How Brazil’s ‘Nine Horsemen’ Cracked a Bribery Scandal
Wall Street Journal 04/07/2015
A Blunt Chief Justice Unafraid to Upset Brazilâs Status Quo
New York Times 08/23/2013
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