Investors suing Petrobras argue top executives knew of the massive bribery scheme

Wednesday, June 29th 2016 - 04:57 UTC

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Investors suing Petrobras to recoup billions of dollars in losses argued on Tuesday that the arrests and plea deals of top company executives prove that it knew of a massive bribery and political kickback scheme. Lawyers for the investors asked U.S. District Judge Jed Rakoff in Manhattan to rule, ahead of a trial set for Sept. 19, on claims that the company violated U.S. securities laws, according to a court filing. Read full article

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In spite of the proofs; Petrobras will never admit that it was actively involved in a systematic and well-organized fraud orchestrated by many of executives, contractors, and politicians.
Jun 29th, 2016 - 12:48 pm - Link - Report abuse 0
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Jack Bauer
PB's ex-directors who resorted to plea bargains all confirmed the politically-sponsored gang within the company to steal for themselves and to benfit political parties.
Only a complete idiot can believe that Dilma and Lula were not only aware of the whole scheme, but were the ones who sanctioned it.
Jul 01st, 2016 - 12:28 am - Link - Report abuse 0
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