Bill & Melinda Gates foundation sues Petrobras alleging 'pervasive bribery'

Saturday, September 26th 2015 - 09:04 UTC

Full article 12 comments

Bill & Melinda Gates Foundation have sued Petrobras to recoup stock losses stemming from a corruption scandal at the state-run oil company. Read full article

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Bisley
Anyone buying stock in a state-run company should have enough sense to understand that all such companies are corrupt and mismanaged. Buying shares in such an enterprise is not investment, but gambling -- there should be no legal recourse against what should be recognized as a part of the game.
Sep 26th, 2015 - 02:53 pm - Link - Report abuse 0
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Brasileiro
Agreed.
Sep 26th, 2015 - 03:13 pm - Link - Report abuse 0
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Chicureo
The Gates are not a couple to piss off as they can make the Brazilian government suffer with their unlimited legal resources.

“Petrobras' market value has plunged more than 90% from nearly $300 billion seven years ago.” This is a unforgivable crime against the people of Brazil led by Lula and Dilma.
Sep 26th, 2015 - 05:35 pm - Link - Report abuse 0
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Conqueror
@1. Brasileiro agrees with you! Now do you see how stupid your comment was?
Sep 26th, 2015 - 08:17 pm - Link - Report abuse 0
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Skip
Did the Brasileiros just agree with a comment that insulted Brazil?

Wow! I'm his bid to be anti-west he was actually anti-Brazilian.
Sep 26th, 2015 - 09:45 pm - Link - Report abuse 0
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DennisA
They should sue the Export-Import Bank of the U.S for offering $2 billion in loan guarantees to Petrobras in 2009. Their judgement was as poor as the Gates Foundation.
Sep 26th, 2015 - 11:00 pm - Link - Report abuse 0
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Brasileiro
Yeah!
Sep 27th, 2015 - 12:37 am - Link - Report abuse 0
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Skip
Good idea.

The Export-Import Bank of the U.S should definitely sue Petrobas as well.
Sep 27th, 2015 - 04:44 am - Link - Report abuse 0
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Chicureo
#6 Dennis

Well, the problem is that the Export-Import Bank will eventually sue for collection... With interest! Meanwhile PB credit status now makes it much more expensive for them to raise money in order to finance their operations.
Sep 27th, 2015 - 06:54 am - Link - Report abuse 0
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ChrisR
If anybody can get money out of Petrobras it will be this pair.

It get's better, doesn't it?

Ha, ha, ha.
Sep 27th, 2015 - 11:49 am - Link - Report abuse 0
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Troy Tempest
@5 Skip

“Did the Brasileiros just agree with a comment that insulted Brazil?

Wow! I'm his bid to be anti-west he was actually anti-Brazilian.”

Yes Skip, it's remarkable that the same Brassiero/ Clown_aTroll that purports to be the voice of the Brazilian people and an advocate for their well-being, should support Dilma, even though 90% of those polled want her gone.
He also preaches isolationism that would kill economic investment and jobs for Brazilians.

He's out of step with reality, let alone the people!
Sep 27th, 2015 - 04:21 pm - Link - Report abuse 0
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ilsen
Clown_aTroll ™ - ilsen
... just sayin' like... although inspired by Troy Tempest...
Thanks for that!
:-)
Sep 28th, 2015 - 12:51 am - Link - Report abuse 0
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