Assets of ex-Brazilian president frozen over refinery deal

Dilma RousseffThe Associated Press
FILE - In this June 3, 2011 file photo, Brazil's President Dilma Rousseff autographs a worker's hard hat during the opening ceremony of the Petrobras P-56 oil platform in Angra dos Reis, Brazil. A Brazilian court has ordered the ex-President’s assets frozen in connection with an estimated $580 million loss at state oil company Petrobras resulting from the purchase of an oil refinery in Pasadena, Texas. (AP Photo/Felipe Dana, File)

A Brazilian court has ordered ex-President Dilma Rousseff's assets frozen in connection with an estimated $580 million loss at state oil company Petrobras resulting from the purchase of an oil refinery in Pasadena, Texas.

Wednesday's ruling also orders a freezing of assets for a former head of Petrobras and three members of its board of directors.

Court justice Vital do Rego said there were signs of "intentional mismanagement to cover up irregularities." The one-year freeze covers assets that could be used to recoup the loss.

Rousseff was board chair when the purchase was initiated in 2006. She said in a statement that there was "no evidence of illicit acts" and that she would appeal the ruling.

Rousseff was impeached and ousted as president last year for violating fiscal management rules.