Brazil’s Supreme Court made a provisional decision by suspending the 8.5 billion reais (approximately $1.7 billion) fine imposed on the construction company Odebrecht due to its involvement in corruption cases.

Judge José Antonio Dias Toffoli questioned the circumstances that led Odebrecht, a key player in the Lava Jato operation, to accept a collaboration agreement with the Prosecutor’s Office that entailed the payment of this large fine.

In his ruling, the judge stated that there was at least a “reasonable doubt as to the requirement of voluntariness” on the part of the company when signing the agreement that resulted in the imposition of the penalty. In addition, he pointed out that Odebrecht must have the “conditions to evaluate whether illegalities were committed.”

Dias Toffoli referred to the revelations that emerged in the context of Operation Spoofing, which exposed questionable exchanges of messages between then judge Sergio Moro and prosecutor Deltan Dallagnol related to the conduct of Operation Lava Jato.

The court document also mentions the possibility of “collusion” between the trial judge and the prosecuting body, with the aim of creating a “legal-procedural scenario” that favours the bodies involved rather than protecting the rights of the defence.

This decision follows an application by the company, which changed its name to Novonor following the outbreak of the scandal. Novonor seeks to analyze the documents related to the Spoofing operation in order to be able to “re-evaluate” the previously established agreements.

As a result of this scandal and the loss of contracts, the company was forced to start a legal restructuring process in 2019, due to a debt estimated at R$80 billion.

K. Tovar

Source: Bancaynegocios

(Reference image: @NewsLiberdade. X)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram

La entrada Brazil’s Supreme Court temporarily suspends Odebrecht’s fine apareció primero en Bitfinance.

The Organization of Petroleum Exporting Countries (OPEC) warned that the crude oil market is operating under a “state of schizophrenia”, so it is not sending the right signals to be balanced, according to its monthly report on the market. oil.

“In a way, the market is in a state of schizophrenia and is creating a kind of yo-yo market and sending the wrong signals at a time when good visibility, clarity and well-functioning markets are needed more than ever,” it said in a statement. document published this week.

OPEC explained that both oil demand and supply remain unchanged compared to estimates released last month.

Last week, OPEC +, the group formed by the organization and its allies, decided to reduce its production from October by 100,000 barrels per day. This meant reversing the movement agreed in the month of August, when the group decided to increase production by the same figure per day during September.

According to this Tuesday’s report, OPEC produced 29.651 million barrels per day during the month of August, which represents an increase of 618,000 barrels per day. Much of this increase is due to Libya, which increased its output by 426,000 barrels per day. The country does not participate in the production control agreement due to its internal problems.

Click the link to subscribe for free to our news and media group on Telegram: https://t.me/G_ELSUMARIO_News

Source: dpa

La entrada Oil market is in a “state of schizophrenia” apareció primero en Bitfinance.