Carnage in BTG curve as Lava Jato plunges new depths

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Carnage in BTG curve as Lava Jato plunges new depths

Teori Zavascki, Brazil, Andres Esteves, Delcidio do Amaral
Minister of the Brazilian Federal Supreme Court Teori Zavascki, appointed as rapporteur in the investigation of Brazilian Senate majority leader Delcidio do Amaral, attends an extraordinary session of the Supreme Court, in Brasilia, Brazil, Wednesday, Nov. 25, 2015. Brazilian police on Wednesday arrested Amaral for allegedly obstructing the investigation into the corruption scandal engulfing state-owned oil company Petrobras. Zavascki authorized the detention of Amaral. (AP Photo/Eraldo Peres) | Eraldo Peres/AP/Press Association Images

The arrest of one of the most respected figures in Latin American banking on Tuesday could be the start of a new painful chapter in Brazil’s corruption scandal, Latin American bond market participants have warned.

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