Brazilian in $30m bribery case spills beans - including NZ link
Brazilian in $30m bribery case spills beans - including NZ link
Lee Taylor
ONE News Reporter
Locked up in a Brazilian prison, accused of bribery in one of the country’s biggest corruption scandals, Joao Procopio saw one way out.
He struck a deal with prosecutors. In return for his release last year, Procopio spilled the beans on how he’d moved almost $30m in kickbacks offshore.
Swiss bank accounts and loose tax rules in a number of countries had allowed him to hide the money trail.
One of those countries was New Zealand – Procopio set up a limited partnership company called Santa Tereza Services, registered to an Auckland address.
The firm was part of an intricate structure of offshore companies now implicated in a huge Brazilian bribery scandal – known as Operation Car Wash - and a controversial bid to redevelop an African port.
More:
https://www.tvnz.co.nz/one-news/new-zealand/brazilian-in-30m-bribery-case-spills-beans-including-nz-link
