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Former Petrobras Executive Jailed
Energy

Former Petrobras Executive Jailed

A Brazilian judge on Tuesday jailed a former executive with Brazil's state-owned oil giant Petrobras for five years for his role in a huge graft scandal after evidence emerged of a massive kickbacks scandal benefiting politicians,Agence France-Presse reported. Nestor Cervero, former director of Petrobras' international division, was found guilty of money laundering after Federal Judge Sergio Moro ruled there was sufficient evidence to convict him in the multibillion scandal, which surfaced in March last year.

 

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