By Daniel Hunter

A former executive of Brazilian energy firm Petrobas has been jailed for five years for money laundering.

Nestor Cervero is the second senior Petrobas manager to be convicted as part of an ongoing investigation.

Federal Judge Sergio Moro said evidence suggested that Mr Cervero, who was fired last year and arrested in January, spent the money he earned through money laundering on an apartment in Rio de Janeiro.

He is one of 100, 50 of whom are politicians, have been indicted and are under investigation for taking bribes.

Last month Petrobas accepted a $2bn (£1.3bn) charge relating to costs of corruption.