The Traderszone Network

Published in TZ Latest News 27 March, 2015 by The TZ Newswire Staff

Brazil police arrest Grupo Galvão CEO in Petrobras probe

Brazilian police on Friday arrested the CEO of Grupo Galvão, the latest executive seized in a corruption probe focused on state-run oil firm Petroleo Brasileiro SA. Dario Galvão, chief executive of the construction group, and Guilherme Esteves, a lobbyist who is being investigated for funneling bribe money, were taken to federal police headquarters in the southern city of Curitiba, a court spokeswoman said. Trials are underway in Curitiba, in what has become Brazil’s biggest-ever corruption probe known as Operation Car Wash.