Brazilian police arrest former Petrobras CEO on corruption charges

‘Brazilian police authorities have taken into custody former Petrobras Chief Executive Officer Aldemir Bendine on suspected corruption charges that include receiving large bribes from construction giant Odebrecht.
The office of Brazil’s prosecutor-general announced on Thursday that federal police served three arrest warrants and carried out 11 search and seizure orders as part of the so-called Car Wash probe.
The investigation has entangled major company executives and senior politicians in the largest Latin American country.
According to the statement, Bendine demanded 17 million reais ($5.5 million) in bribes when he led Banco do Brasil in a bid to authorize the rollover of a loan to an Odebrecht unit, though the company refused to make good on the payment.’
Read more: Brazilian police arrest former Petrobras CEO on corruption charges