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  • Protesters at the door of Rede Globo headquarters in Rio.

    Protesters at the door of Rede Globo headquarters in Rio. | Photo: EFE

Published 6 April 2016

Globo is linked to a money laundering investigation involving irregular financial transactions received for broadcast rights.

Brazil's biggest television network Globo is largely linked to the Panama Papers corruption scandal, Os Amigos do Presidente Lula blog reported on Tuesday, citing research from a group of Dutch journalists from the daily newspaper Trouw.

The Panama Papers

According to the report, TV Globo is cited “many times” in a money laundering investigation by the De Nederlandsche Bank which revealed that for years the media outlet conducted several “irregular financial transactions” through tax havens in order to pay for broadcast rights for the Copa Libertadores.

Some of the companies who paid for these rights are already under investigation by the FBI following the FIFA corruption scandal. However, the new information also revealed that a handful of these of these shell companies appear in the lists unveiled in the massive leak of tax documents from the internal database of the Panamanian law firm Mossack Fonseca.

After the Panama Papers scandal exploded last Sunday, it was also revealed that the high-profile Panamanian firm, specialized in establishing shell companies, helped its clients to launder money, dodge sanctions and evade taxes.

The Man Who Wants to Impeach Rousseff Named in Panama Papers

TV Globo is the country’s television network that government supporters accuse of waging a biased anti-government campaign against President Dilma Rousseff and her predecessor and political mentor, former President Luiz Inacio Lula da Silva – both from the left-wing Workers' Party.

The scandal has also implicated high-level businessmen and right-wing Latin American politicians, including Argentine President Mauricio Macri, Mexican President Enrique Peña Nieto, Peruvian presidential front-runner Keiko Fujimori and Brazilian lawmaker Eduardo Cunha.

The list also includes business and political elites from across the globe.

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