Elizabeth Johnson

Managing Director, Brazil Research

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Brazil Monitor: ‘Lava Jato’ expands to the electricity sector, further exacerbating risk

Overview

Brazilian prosecutors officially expanded Operation Lava Jato (“Car Wash”) to the electricity sector with the arrest of Othon Luiz Pinheiro da Silva, the former President of Eletrobras’ nuclear energy subsidiary Eletronuclear, along with the head of the energy division of Brazil's second largest construction conglomerate Andrade Gutierrez. These first arrests of executives in the electricity sector mark the latest phase of the broadening investigation, dubbed “Radioactivity” by the...

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