A former director of the Brazilian oil company Petrobras on Tuesday sentenced to five years in prison for his role in the corruption scandal in the company.

Nestor Cervero, former director of the company’s international department, was found guilty of money laundering after Judge Sergio Moro concluded that there was enough evidence to convict him.

Moro found that Cervero had bought a luxury apartment with a value of $ 2.5 million in Rio de Janeiro with money he had acquired by bribery in connection with contracts, channeled through a shell company.

Former Petrobras director Paulo Roberto Costa was last month sentenced to seven and a half years in prison for money laundering.

A large number of politicians and top executives of construction industry is implicated in the scandal that has cost the company around $ 2 billion.


Source: Reuters