MercoPress. South Atlantic News Agency
Something stinks in Petrobras: former director and leading contractors CEOs arrested on bribery charges
Brazilian police arrested a former Petrobras executive on Friday, sending the state-run oil company's shares and bonds down after a widening corruption scandal forced it to delay the release of its financial results. Read full article
Comments
Disclaimer & comment rulesR$ 59 Billion in contracts was involved, as reported by the PF yesterday.
Nov 15th, 2014 - 08:26 am - Link - Report abuse 0Yet Dilma as Petrobras chairman/woman during this period, knew nothing.
Of course.
Some lower ranking execs are going to go to jail but nobody higher and especially NOT DumbAss herself.
Nov 15th, 2014 - 03:32 pm - Link - Report abuse 0Rousseff has learned a lot from Lula - about how to insulate herself from graft, corruption and scandal. Both have led these huge organizations and have proved teflon-untouchable.
Nov 15th, 2014 - 06:04 pm - Link - Report abuse 0It's not just Brasil though, Blair remains free even though he is commonly known to be as bad as both these Brasilian untouchables.
shame this didn't happen before the elections... or maybe there was a reason for that...?
Nov 15th, 2014 - 10:14 pm - Link - Report abuse 0The Federal Police has been equipped and trained for this. Investigate, gather evidence and arrest bad guys.
Nov 16th, 2014 - 02:31 pm - Link - Report abuse 0It is up to the judiciary to determine penalties.
It is for the Legislature to grant laws abridging extortion and corruption.
Everything is happening within the law and civil rights.
Regarding the value of Petrobras in the stock market, I think Brazil does not intend to sell its stake. So stocks could fall to zero and will not have any importance. The important thing is that Petrobras has beaten all records of production and does not have dollar debts.
https://www.youtube.com/watch?v=WJHfbt1Z3ZU&index=3&list=FLmXPTu1f8AdGlizWNiASx2A
@5
Nov 16th, 2014 - 05:31 pm - Link - Report abuse 0Brassi,“ It is for the Legislature to grant laws abridging extortion and corruption” Christ is it not law already? Anyway the Legislature is the most corrupt so why should new laws be formed.
@ 5 Brasso
Nov 16th, 2014 - 05:53 pm - Link - Report abuse 0“So stocks could fall to zero and will not have any importance.”
Did you not understnad these two paragraphs:
“Analysts and traders warned that Petrobras could be stripped of its investment grade rating and prompted to write down the value of reported capital expenditure in prior quarters.
Investors are concerned that the world's most indebted oil company is at risk of a technical default on tens of billions of dollars in bonds if it doesn't report audited earnings by the end of the year.”
You really are an idiot.
CryingR, you are very misinformed. Petrobras has a credit line of $ 150 billion from BNDES. Petrobras is using only half that amount. And do you think $ 10 billion is money?
Nov 16th, 2014 - 06:21 pm - Link - Report abuse 0Poor English teacher! I feel sorry for deluded as you.
https://www.youtube.com/watch?v=fDlYFAjKmZE&list=UUjjYaSHsZSUNTSwUV8OfOrA
Important is to move away from the world of speculators. Important is to move away from the “Western”.
Important to move away from Youtube (constantly) to make a point, Irmao.
Nov 16th, 2014 - 07:07 pm - Link - Report abuse 0The Brazzo , once again, proves that not only he is uninformed, but he is misinformed as well.
Nov 16th, 2014 - 10:44 pm - Link - Report abuse 0Petrobrás has a debt of US$ 185 Bn......he shouldn't kid himself - but he will - that the BNDES credit line will solve the problem...Petrobrás will just get 'deeper in debt'...at the expense of the taxpayer...or, where does the genius think the BNDES funds come from ?
The only solution is to privatize the company again - can be the same as it was until 2007, 51% in the hands of private shareholders, millions of them blue collar workers - and allow it to increase productivity without getting further in debt, and to start to turn a profit.
And Brazzoidiot, whether you like it or not, Brazil IS considered “western”, so how can we move away ? By becoming “Eastern” ?? C'mon numbnuts, give us the magic formula....
This is amazing! Jack Bosta, your IQ is negative, idiot!
Nov 17th, 2014 - 12:24 am - Link - Report abuse 0Any nation that will follow his advice will be under the yoke of speculators. But know that here in my country people like you no beeps nothing.
Petrobras is fine. Petrobras's investments have revived our shipbuilding industry and soon will give us self-sufficient in petroleum, including refining. The debt was incurred is too small for its growing sales. Furthermore, the largest creditor is the government itself.
This talk of privatization can only be a joke. Or else, talk to people and countries interested in exploring what belongs to the Brazilian people.
You besides being a damn fool is also a liar fdp. But all this is good to know that you know that your opinion is not worth a cent for my country. But all this is good to know that you know that your opinion is not worth a cent for my country. In other words, Jack Bosta, ask for crap and thin skirt.
Do you want the magic formula? Wake up idiot! I already gave you the formula but you're too dumb to understand.
Very good, Irmao.
Nov 17th, 2014 - 01:19 am - Link - Report abuse 0No Youtube link this time. Muito bom.
@11 Brazzo Burro,
Nov 17th, 2014 - 06:15 pm - Link - Report abuse 0“people like you no beeps nothing”... “beeps nothing” ? learn how to express yourself in English, you ignorant petista bastard. But first, learn how to speak Portuguese.
Yes, and of course, if you say so, Petrobrás is doing just fine....
1) there is no corruption , despite Dilma having admitted her presidential campaign in 2010 was financed by it.
2) the Company has no debt - probably right, after all, it's the Brazilian people who will pay...the taxpayer, not you, because you don't work - you are a shitty parasite that lives off handouts (BF).
3) The company is producing huge profits, big dividends, and share value never been higher : the bad news to the contrary is just lies made up by the rotten media.
And Petrobrás belongs to whom ?? the Brazilian people ?? that's news...and what do 'you' get out of it , numbnuts ? not a cent, you moron. It belongs to the State, but NOT to the 'people'.....and never to you.
And last but not least, get yourself a brain transplant.
Reuters:
Nov 20th, 2014 - 07:29 pm - Link - Report abuse 0“ Investors in Petrobras are increasingly concerned that the world's most-indebted major oil company may technically slip into default on about $12 billion worth of global bonds if it fails to report unaudited earnings by year-end.”
I see the brasso burro posters can't handle the truth.
Nov 20th, 2014 - 11:34 pm - Link - Report abuse 0Commenting for this story is now closed.
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