Tag: Petrobras corruption

• Tuesday, July 21st 2015 - 05:42 UTC

  Three Brazilian top executives convicted in relation with Petrobras corruption

  

  Three executives of Brazil's Camargo Correa group were convicted of money laundering, corruption and other charges, the first construction-industry executives to be sentenced in a giant price fixing and bribery scandal involving state-run oil company Petrobras.

• Saturday, July 18th 2015 - 08:10 UTC

  Rousseff, ever so weakened and isolated warns of “anti democratic adventures”

  

  Brazilian President Dilma Rousseff told regional peers on Friday there is no room for “anti-democratic adventures” in South America, a day after the speaker of Brazil's lower house said he was weighing legal arguments for her impeachment. Speaking to the heads of state of Mercosur, Rousseff said political leaders should strive for dialogue to resolve ideological differences.

• Wednesday, July 15th 2015 - 06:25 UTC

  Petrobras board member criticizes oil-exploration and local content policies

  

  Brazil's oil-exploration and local-content policies harm Petrobras and the country as a whole, a government-appointed member of the state-run company's board said on Tuesday. The comments were made by Roberto Castello Branco, who was named earlier this year by President Dilma Rousseff's administration to be one of the government's seven representatives on Petrobras board.

• Wednesday, July 15th 2015 - 05:45 UTC

  Brazilian politicians' property raided by police in connection with Petrobras corruption

  

  Brazilian police have carried out search operations across seven states amid an ongoing investigation into a major corruption scandal involving state-run company Petrobras. The police said in a statement on Tuesday that the 53 search and seizure operations took place in “residences, offices, company headquarters, law firms, and public institutions” and were aimed at saving evidence from destruction.

• Tuesday, July 14th 2015 - 06:00 UTC

  Brazil's economic team reaching out to credit rating agencies for a vote of confidence

  

  Concerns that Brazil may lose its coveted investment grade credit rating are again on the rise among government officials and investors who worry that President Dilma Rousseff’s austerity push won’t fully offset plunging government revenues.

• Monday, July 13th 2015 - 09:30 UTC

  Petrobras faces major class action lawsuit in US next February

  

  Brazil's state-run oil producer Petrobras, said in a securities filing on Friday that its motion to dismiss a class-action lawsuit in the United States had been denied by the court. Petrobras said part of the complaint against the company relating to bonds issued in the United States in 2012 was denied.

• Thursday, July 9th 2015 - 06:18 UTC

  Petrobras 'suspicious' activities could involve as much as 16bn dollars

  

  Investigators with Brazil’s Finance Ministry say they have identified as much as US$16 billion worth of suspicious activity that may be part of a kickback scandal engulfing the state-owned oil company Petrobras.

• Tuesday, July 7th 2015 - 06:46 UTC

  Brazilian organizations allege there is an attempt to topple President Rousseff

  

  A raft of Brazilian organizations issued a statement on Monday denouncing what they described as the 'right's' attempts to topple President Dilma Rousseff. The statement was signed by 28 groups including the MST Landless Movement and the Catholic Church's Pastoral Land Commission.

• Tuesday, July 7th 2015 - 06:23 UTC

  'Impeachment' and 'fresh elections' in Brazil's congressional debate

  

  Brazil's leading political commentator and O Globo columnist, Ricardo Noblat is forecasting that president Dilma Rousseff will not conclude her four-year mandate and could very well be out of office by next October.

• Friday, July 3rd 2015 - 07:12 UTC

  Petrobras investigation looks into corruption by a dozen foreign companies

  

  Brazilian police on Thursday arrested Jorge Zelada, former director of Petrobras' international division, as part of an ongoing investigation into bribery and corruption at the state-run oil producer, prosecutors have said. Zelada is suspected of money-laundering, appropriating public funds, corruption, tax evasion and contract fraud.