Tag: Petrobras corruption

• Tuesday, November 10th 2015 - 06:49 UTC

  Another can of worms in Petrobras: 1.2bn dollars for a century old Texas refinery

  

  Brazilian officials are investigating allegations that Petrobras overpaid hundreds of millions of dollars for the Pasadena, Texas, refinery and funneled money into a massive kickback scheme that's led to dozens of convictions and arrests and fueled calls for the impeachment of president Dilma Rousseff, who chaired the company until 2010.

• Wednesday, November 4th 2015 - 08:07 UTC

  Brazilian construction tycoon sentenced to 19 years in prison for Petrobras corruption scandal

  

  The federal judge handling the Petrobras corruption cases sentenced the former vice president of Brazilian engineering firm Mendes Junior to 19 years and four months in prison for his role in the massive kickback scheme.

• Monday, November 2nd 2015 - 09:30 UTC

  Petrobras largest union on strike protesting sale of company's assets

  

  Brazil's largest oil union began an open-ended strike on Sunday, protesting against attempts by the government to shrink the state-run oil company Petrobras, which is reeling from a corruption crisis and a crash in the oil price.

• Monday, November 2nd 2015 - 08:26 UTC

  Lula urges ruling party to support austerity measures and minister Levy

  

  Former Brazilian president Lula da Silva urged the ruling Workers' Party to back fiscal austerity measures in Congress, endorsing the efforts of Finance Minister Joaquim Levy to plug a gaping deficit. Members of Lula's party have opposed moves by Lula's protégée, President Dilma Rousseff, to cut public spending and social benefits as she strives to balance overdrawn accounts and restore investor confidence in Brazil.

• Tuesday, October 27th 2015 - 07:30 UTC

  Son of Lula da Silva's offices raided as part of investigation into tax fraud

  

  Brazilian police on Monday raided the offices of a company belonging to a son of former president Lula da Silva as part of an investigation into tax fraud. The raid was part of a broader operation involving about 100 agents who descended on offices in the cities of Sao Paulo, Piaui and Maranho armed with arrest warrants and orders to seize documents and accounting records.

• Friday, October 23rd 2015 - 08:22 UTC

  Dutch company and Brazil negotiating a $250m Petrobras bribery settlement

  

  Brazil told Dutch SBM Offshore NV, the world's top oil production ship leaser, to agree soon to a $250 million bribery settlement if it wants to regain its biggest client in the world's largest oil-ship market, according to media reports from Brasilia and Sao Paulo.

• Thursday, October 22nd 2015 - 07:26 UTC

  Brazil's opposition files new impeachment petition against Rousseff

  

  Brazil's opposition filed a new impeachment petition against President Dilma Rousseff on Wednesday, accusing her of illegal accounting practices. The much-anticipated petition, whose authors include a founder of Rousseff's Workers' Party, was handed over to congressional lower house speaker Eduardo Cunha.

• Saturday, October 17th 2015 - 06:30 UTC

  Lula da Silva questioned for 90 minutes on allegations of influence peddling

  

  Brazilian ex-President Lula da Silva, who allegedly used his influence to aid a leading domestic engineering group after leaving office, voluntarily testified on Thursday before federal prosecutors during an hour and a half, his foundation said.

• Saturday, October 10th 2015 - 07:24 UTC

  Rousseff fears “Paraguay-style democratic coup” to remove her from office

  

  President Dilma Rousseff said in a closed-door meeting that Brazil is experiencing a “Paraguayan-style democratic coup,” alluding to the 2012 removal of Paraguay's then-head of state, the Folha de Sao Paulo newspaper reported Friday.

• Wednesday, October 7th 2015 - 10:28 UTC

  Brazil's top electoral court will investigate Rousseff's reelection campaign for alleged 'irregularities'

  

  Brazil's top electoral authority ruled on Tuesday there are grounds to investigate irregularities in President Dilma Rousseff's re-election campaign last year. The TSE electoral court voted 5-2 on the decision. It is seeking to determine whether Rousseff and Vice President Michel Temer abused their power while in office to run the campaign, and whether illegal money was used as funding.