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Brazil graft probe widens as Senate leader, billionaire bank CEO are arrested

Arrest of BTG Pactual boss sends bank's shares into dive that wipes out a fifth of its market value

Sao Paulo

THE chief executive of Brazil's biggest independent investment bank and the leading senator in the governing coalition were arrested on Wednesday on suspicion of obstructing the country's most sweeping corruption investigation ever.

The detention of such prominent power brokers on orders from the Supreme Court raised the stakes dramatically in a bribery scandal that started with state-run oil company Petrobras and now threatens the heights of Brazilian banking and politics.

The arrest of André...

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