São Paulo: Cops Crack Down on The Great Sino-Paraguayan Silk Road

Polícia de SP apreende 5,5 milhões de produtos falsificados: G1 reports on a state police crackdown on counterfeit and pirated goods in the bustling commercial centers that specialize in contraband to fit the popular budget.
A operação Capitão Gancho, deflagrada pela Polícia Civil em todo o estado de São Paulo a partir das 6h desta quinta-feira [...]

Dantas’ Inferno: Globo Journo To Be Grilled on Leak Source

Globo Journalism Central issued a press release today in which it challenges Folha Online to prove that Jornal Nacional reporter Cesar Tralli has a relative in the upper echelons of the federal police; … [but] The Folha Online has confirmed that Tralli does have a relative in the upper echelons of the Federal Police.
A [...]

Are Sovereign Swaps A Case for the Cops?

In present-day Brazil, indignation has acquired an ideological life of its own, whether it be indignation with the government or indignation over the way the parking lot at the supermarket is run. It hardly matters whether there is genuine reason to be indignant, or whether this indignation is accompanied by any constructive proposals for [...]

Antitrust Regulator Okays Bovespa-B&F Merger

The New Bourse: Intercontinental ballistic synergistic ambitions?
The Plantão Empresas (Stock Market of São Paulo) informs:
“O Conselho Administrativo de Defesa Economica (CADE) aprovou sem restricoes, em 09 de julho, o Ato de Concentracao n 08012.005300/2008-13, referente a integracao das atividades da BM&F e Bovespa Holding.
On July 9, the Brazilian federal competition regulator, CADE, approved [...]

Relatório Reservado: Your Repórter Esso in Brazil

I read the news today, hei boi!
Relatório Reservado is a daily subscription newsletter along the lines of those dealflow newsletters we Anglophones all know and love: Mergermarket — for whom I may be doing some modest work, eventually — The Deal, the New York Times‘ (free, online) Dealbook, and so on and so forth.
Is it [...]

Dantas’ Inferno: “How The Banker From Bahia Pulled a Fastow One”

GEORGE TOWN, Grand Cayman – This island, where scoundrels from Blackbeard to cocaine cowboys have landed looking to launder lucre, was Enron’s second home. The Houston-based energy giant, like thousands of other corporations, set up subsidiaries in Grand Cayman. But while fellow Fortune 500 companies such as Philip Morris and BellSouth created one subsidiary each, [...]

Dantas’ Inferno: Perp Walk Rules Violated in Granting Globo The Exclusive?

The term perp walk is an American slang term which refers to the police practice of intentionally parading an arrested suspect (or “perp”, short for “alleged perpetrator”) through a public place so that the media may observe and record the event. The suspect is typically handcuffed or otherwise restrained, and is often dressed in prison [...]

Brazil: Covering “The Mother of All Corruption Cases”

Observatório da Imprensa, Luciano Martins da Costa, political editor of DCI — which I try to read regularly — has a nice, succinct overview of coverage in the case “that may well be the most surprising federal police operation of all time.”
A prisão do banqueiro Daniel Dantas, do especulador Naji Nahas e do ex-prefeito Celso [...]

“Dantas Defense Wants Southern District Docs Unsealed”

CartaCapital notes:
O advogado Nélio Machado, que assumiu a linha de frente na defesa do banqueiro Daniel Dantas, ameaça solicitar documentos anexados ao processo que o Citibank move contra o Opportunity em Nova Iorque para provar que seu cliente sofre perseguição do governo e do PT. É o que se lê hoje em reportagem da jornalista [...]