On Monday, Portuguese police participated in the widening manhunt on suspects involved in Brazil's corruption scandal, the biggest bribery in its history.
The suspect, identified as Raul Schmidt Felipe Junior was captured in his home in Lisbon, Portugal. The arrest was requested by the Brazilian authorities according to the Portuguese attorney general's office. The widening search for suspects involved in Brazil's corruption scandal is part of the Operation Car Wash that investigates a massive kickback scheme in the country, Yahoo reports. Felipe Junior was the first suspect in the operation who was taken into custody outside Brazil.
With Brazil's corruption scandal, the authorities have been tracking suspects further its border. Meanwhile, the country's government-run oil company was reported on a huge loss after the oil prices plunked down last year. Petrobras reported a major loss of 34.8 billion reais ($9.6 billion) last year, Money CNN reported. Petrobras is at the center of Brazil's corruption scandal as more high officials involved in the bribery scheme in the oil company are being arrested. It also threatens the present Brazil's president, Dilma Rousseff ho is the subject of mass rallies and impeachment proceedings.
According to prosecutors, Brazil's corruption scandal has cost the oil company a total of more than $16 billion. It also includes the bribery money that was paid to corrupt officials and firms. Petrobras represents a 2% share into Brazil's gross national product (GNP). Its loss had made a huge impact on Brazil's economy.
