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Article: Brazil’s Lula charged as ‘top boss’ of Petrobras graft scheme

Brazilian prosecutors charged ex-President Luiz Inacio Lula da Silva on Wednesday with being the “boss” of a vast corruption scheme at state oil company Petrobras, in a major blow to the leftist hero’s hopes of a political comeback.

It was the first time that Lula, still Brazil’s most popular politician despite corruption accusations against him and his Workers Party, was charged by federal prosecutors for involvement in the political kickbacks scheme at Petroleo Brasileiro (PETR4.SA), as the company is officially known.

Public Prosecutor Deltan Dallagnol told a news conference that Lula will be charged with corruption and money laundering for leading a kickback scheme that caused an estimated 42 billion reais ($12.6 billion) in losses to Petrobras shareholders and tax payers.

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