• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Wind droughts
  • 6 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 hours "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 20 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 2 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 19 hours Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 11 days "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
  • 4 days The Federal Reserve and Money...Aspects which are not widely known
  • 3 days "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 9 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 5 days "Dodgy Demand Data? The Oil Price Collapse Conspiracy" by Alex Kimani
  • 12 days "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 13 days Goldman Betting on Cryptocurrencies
  • 16 days Сryptocurrency predictions
James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

Former Brazilian Chief of Staff Gets 23 Years in Prison for Corruption

A Brazilian court has sentenced former presidential chief of staff Jose Dirceu to 23 years in prison for corruption, money-laundering and conspiracy related to the state-run Petrobras oil scandal.

Dirceu served under ex-President Luiz Inacio Lula da Silva between 2003 and 2005. He is the most senior Workers’ Party member to be tried and sentenced in this scandal.

In March, former President Lula da Silva was questioned by police and his house raided as part of the fraud inquiry.

Related: Oil-for-Drugs Swap: India’s Answer to Venezuela’s Unpaid Bills

Dirceu was previously sentenced in 2012 by the Supreme Court to over 10 years in prison for running a congressional vote-buying operation.

Prosecutors alleged that Dirceu was mastermind behind the Petrobras kickback scheme and that he took bribes while in office and even from behind bars.

“Not even a conviction by the country’s highest court could inhibit criminal relapse,” federal judge Sérgio Moro wrote in his sentencing decision, noting that Dirceu had been taking part in the bribery scheme even after he was convicted for vote-buying.

Related: Oil Prices Take A Step Back As Dollar Appreciates

One of the key facets of the corruption scandal was the collusion between Petrobras and a small group of companies to overcharge for services in the energy sector. Petrobras officials received bribes and shared kickbacks with politicians, many of them in the ruling Workers’ Party. Estimates put the total bribes at close to US$3 billion.

So far, dozens of high level executives and government officials have been investigated and sentenced for their role in the affair.

Last week, the scandal Brazilian President Dilma Rousseff was suspended from office following a senate vote to initiate her impeachment trial on corruption allegations that lead back to the Petrobras scandal. The speakers of both country’s houses of Congress are included in the probe.

By James Burgess of Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News