In Land of White Collar Wrist-Slapping, A Milestone Ruling
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In a milestone day for Brazil’s biggest-ever corruption investigation, a judge handed down the first punishments to former executives at a building company and a top CEO was indicted.
Judge Sergio Moro sentenced Camargo Correa SA’s ex-President Dalton Avancini along with Eduardo Leite, the conglomerate’s former vice president, to 15 years and 10 months for corruption, money laundering and organized criminal activity. Both had previously turned state’s witness, and will serve part of their sentences under house arrest. Federal police also indicted Marcelo Odebrecht, head of Odebrecht SA holding company that owns Latin America’s largest builder, and other company executives.