Petrobras Ex-Director Sentenced to 5 Years for Money Laundering
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The former director of international operations at Brazil’s state-controlled oil company was sentenced to five years in prison for money laundering in the latest development in a multibillion-dollar graft investigation.
Nestor Cervero, who left Petroleo Brasileiro SA in 2014, set up a front company in Uruguay to purchase an apartment in an upscale Rio de Janeiro neighborhood with illicit funds, according to a document published by a court in Curitiba, Brazil, where the case is before a judge. Cervero’s lawyer, Edson Ribeiro, said by telephone that he will appeal the decision.