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LatinNews Regional Monitor: Brazil & Southern Cone - 08 March 2018

In brief: Brazil

*The former president of Brazil's state-owned oil company Petrobras, Aldemir Bendine, was sentenced to 11 years in prison for his involvement in the Odebrecht corruption scandal. Federal judge Sérgio Moro, the lead in the ‘Car Wash’ corruption investigation, found Bendine guilty of corruption and money laundering in connection with R$3m (US$924,660) in kickbacks from local engineering firm, Odebrecht. Bendine was arrested in July 2017 and is currently the only former Petrobras president to have been convicted in the scandal. As former head of Banco do Brasil from 2009-2015, Bendine was appointed to Petrobras by former president Lula da Silva (2003-2011), who is also implicated in the scandal, and he became Petrobras president in 2015 under former president, Dilma Rousseff (2011-2016).

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