Money laundering: Former Petrobras executive jailed

SAO PAULO, May 27 — A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering yesterday, the second company executive convicted in an ongoing corruption probe.

Federal Judge Sergio Moro said there was ample evidence that the former director, Nestor Cervero, set up a front company to launder money. He also used illicit money to buy a luxury apartment in Rio de Janeiro, the judge said.

Cervero was fired from Petrobras, as the company is known, in 2014 and arrested in January as he stepped off a plane from Europe. He is also suspected of receiving bribes in exchange for awarding drilling ship contracts.

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