March 15, 2018
Operation Lava-Jato turned Brazil upside down as almost every politician was involved in the corruption scheme. Below it is a timeline of the first twelve phases of the operation, which today has already 44 phases and it’s still ongoing.
The federal police uncovered the former president of Brazil Luiz Inacio Lula da Silva was one the chiefs of the corruption schemes when they found out a number of properties purchased using the name of shell companies or the former president foundation. Lula was condemned and it is appealing in court because he wants to run for president again later this year. If the Supreme Court rules against him, he will have to serve nine years in jail for the crimes of corruption and money laundering.
In the map below is where the operation has been taking place. Across the states of Rio de Janeiro, Sao Paulo and the country’s capital Brasilia
One of the most shocking turns of this operation was the impeachment of president Dilma Rousseff in 2016 as it was orchestrated by her rivals in order to turn the attention to her instead of the many members of Congress that were being investigated and would later be arrested.
Because of the political turmoil the economy has been as unstable as ever. The value of the dollar spiked in 2015 around the time where the investigations got into the heart of Petrobras. In the graph below you can see how unstable the dollar was.
Unfortunately, the economic situation nowadays is still very much like it was in 2015. The dollar either spikes or goes down depending on new scandals.
Infogram information was taken from Folha de São Paulo.