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Brazilian politician hid money through NZ Firm

Radio New Zealand

By RNZ’s Gyles Beckford, Patrick O’Meara, Jane Patterson, TVNZ’s Lee Taylor, Jessica Mutch, Andrea Vance, and Nicky Hager

A controversial and disgraced prominent Brazilian politician accused of taking millions of dollars in bribes used a New Zealand company as part of a complex arrangement to hide his wealth in secret bank accounts.

Eduardo Cunha, the suspended speaker of Brazil’s lower house of Congress, used a New Zealand trust company run by people featuring prominently in the Panama Papers and tax haven organiser Mossack Fonseca, to hide millions of dollars in bribes involving the state-run oil company Petrobras.

Panama Papers NZ – Click here for full coverage

Mr Cunha was suspended for obstructing the official inquiry into the corruption scandal and his notoriety in Brazil is such that he has been likened to the fictional corrupt US politician Frank Underwood, featured in the television series House of Cards.

Continue reading by following this link:

http://www.radionz.co.nz/news/national/305215/brazilian-hid-money-through-nz-firm

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