Corruption: Ex-Brazilian President Lula Sentenced To 9 Years In Jail

Former Brazilian leader Luiz Inacio Lula da Silva, was convicted on corruption charges on Wednesday and sentenced to nearly 10 years in prison.

The ruling marked a stunning fall for Lula, one of the country’s most popular politicians and a top contender to win next year’s presidential election. He faces four more corruption trials and will remain free on appeal.

Judge Sergio Moro found Lula, 71, guilty of accepting $1.2 million worth of bribes from engineering firm OAS SA, the amount of money prosecutors said the company spent refurbishing a beach apartment for Lula in return for his help winning contracts with state oil company Petroleo Brasileiro (PETR4.SA).

Federal prosecutors have accused Lula, Brazil’s first working-class president from 2003 to 2011, of masterminding a long-running corruption scheme that was uncovered in a probe into kickbacks around Petrobras. The verdict represented the highest-profile conviction in Brazil.

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