Apr 3, 2019

Former Brazilian president indicted in alleged $400 million bribery scheme

Michel Temer Photo: MAURO PIMENTEL/Getty Images

Brazil's former President Michel Temer was indicted on Tuesday — less than 3 months after he left office — on corruption charges, including an alleged bribery scheme involving a nuclear power plant complex near Rio de Janeiro, Reuters reports.

The backdrop: The case is part of Operation Car Wash, the nation's biggest corruption investigation, which has found politicians and business people guilty since 2014. Allegations presently suggest Temer received or arranged more than $462.5 million in bribes. Meanwhile, the 78-year-old also is up against charges in another corruption case, in which he has been accused of using a middleman to obtain a cash-filled suitcase from meat-packing firm JBS SA, for which he was arrested on March 21 and released only 4 days later. Temer denies all allegations.

Go deeper

Coronavirus kills 2 Diamond Princess passengers and South Korea sees first death

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. U.S. numbers include Americans extracted from Princess Cruise ship.

Two elderly Diamond Princess passengers have been killed by the novel coronavirus — the first deaths confirmed among the more than 600 infected aboard the cruise ship. South Korea also announced its first death Thursday.

The big picture: COVID-19 has now killed more than 2,200 people and infected over 75,465 others, mostly in mainland China, where the National Health Commission announced 118 new deaths since Thursday.

Go deeperArrowUpdated 6 hours ago - Health

SoftBank to cut its stake to get T-Mobile's Sprint deal done

Illustration: Rebecca Zisser/Axios

T-Mobile and Sprint announced a revised merger agreement that will see SoftBank getting a smaller share of the combined company, while most shareholders will receive the previously agreed upon exchange rate. The companies said they hope to get the deal as early as April 1.

Why it matters: The amended deal reflects the decline in Sprint's business, while leaving most shareholders' stake intact and removing another hurdle to the deal's closure.