MAJORITY SHAREHOLDERS OF COLOMBIA-BASED AVIANCA HOLDINGS ARRESTED AS PART OF BRAZIL’S LAVA JATO CORRUPTION PROBE

On 19 August, the Havana Times reported that the majority shareholders of the Colombia-based Avianca Holdings, the brothers German and Jose Efromovich, have been arrested in Brazil and as part of Brazil’s massive Lava Jato corruption probe, according to Brazilian and Colombian media.  The airline is currently undergoing bankruptcy restructuring after the pandemic caused a plunge in passenger demand.

https://havanatimes.org/news/avianca-airlines-shareholders-arrested-in-brazil

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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