President Dilma Rousseff's main coalition partner, the fractious Brazilian Democratic Movement Party (PDMB), re-elected a key ally of hers as its leader in the lower house of Congress last week, enhancing her chances of blocking impeachment.
Brazil’s troubled state oil firm Petrobras faces possible new legal challenges from a coalition of groups representing international investors based in Europe in the US. The financially hobbled and corruption-racked company is being sued over alleged fraud-related losses the investors suffered on its shares and bonds traded outside the Americas.
Brazil's Attorney General’s Office of Sao Paulo summoned former socialist president Luiz Inácio Lula da Silva to testify as a suspect in a investigation into money-laundering in the latest phase of the ongoing Petrobras corruption scandal.
As Brazil struggles with a corruption scandal in which executives and politicians face investigations of alleged bribery, Brazil’s state-run oil company Petrobras announced it will slash management jobs as part of an efficiency drive approved by its board of directors.
Beach-side apartments in Brazil may have been used as bribes and to launder money for members of the ruling Workers’ Party (PT), police and prosecutors said as they carried out six arrests and executed 15 search warrants in four cities.
Brazilian police and prosecutors said Wednesday that as part of their investigation into a massive corruption scheme centered on Petrobras they were looking into whether some of the money diverted from the state-controlled oil company was laundered through real-estate transactions coordinated by a Panamanian-based law firm.
SBM Offshore’s CEO and another company executive have agreed an out-of-court settlement with the Brazilian public prosecutor’s office (Ministério Público Federal) for charges relating to the Petrobras corruption scandal.
Brazil's ex president Lula da Silva declared that there is “no more honest living soul in the country” than him, as he angrily rejected new corruption allegations linking himself and some of his relatives to the corruption scandal involving state-run oil company Petrobras.
Brazilian President Dilma Rousseff admitted that a government bailout for the country’s troubled state-controlled oil company Petrobras can’t be ruled out. The company is mired in financial troubles amid a deep decline of global oil prices and a sprawling corruption scandal involving several of its former executives and its largest suppliers.
Brazilian president Dilma Rousseff, and three former heads of state have been dragged into the investigation into the huge corruption scheme in the state-run oil firm Petrobras. According to informer Nestor Cerveró, Rousseff was personally involved in negotiations for votes in Congress in exchange for top jobs in Petrobras.