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Doing Business in Brazil after Operation Car Wash (B)
This is a follow-up to case A, which describes Operation "Lava Jato" (Car Wash) in Brazil, one of biggest anti-corruption investigations in the world. It laid bare the shady relationships between government contractors, political campaign agencies and high-profile politicians in what were known as 'pay-for-play' schemes - bribes and campaign contributions paid by major corporations to officials and political parties in exchange for lucrative government contracts that were over-invoiced to 'cover the costs'. Case B describes the latest developments until the end of 2020, including how former Judge Sergio Moro joined, then resigned from President Bolsonaro's government, corruption scandals related to Covid-19, and discusses the changes that Operation Car Wash brought to companies in Brazil, namely Petrobras and Odebrecht.