Tag: Petrobras

Monday, March 23rd 2015 - 17:13 UTC
Petrobras corruption scandal reaches New York court: banks will have to explain sale of bonds to US investors

Fifteen banks will join Petrobras next week, April 3, in a New York court to explain how they did nothing wrong when selling 98 billion dollars worth of the Brazilian state oil company’s bonds to American investors. Of the 15, lawyers representing the investment banking divisions of Itau and Bradesco will appear before New York judge Jed Rakoff in hopes to escape the scandal.
Monday, March 23rd 2015 - 17:05 UTC
Petrobras suspends operations in major offshore rig for safety reasons

Brazilian state-controlled oil giant Petrobras on Saturday said it has suspended operations at a major offshore platform, citing safety concerns. The P-58 platform, which extracts 106,000 barrels per day, was taken out of service for unscheduled maintenance and to improve its operational efficiency, the company said in a statement Friday.
Saturday, March 21st 2015 - 06:36 UTC
Brazilian museum receives 139 works of art seized from Petrobras corruption scandal

A Brazilian museum received 139 works of art, including a painting by Joan Miro, seized from individuals involved in the corruption scandal rocking state oil giant Petrobras. Works by Brazilian artists Djanira and Heitor dos Prazeres were among the trove that police delivered to the Oscar Niemeyer Museum in the city of Curitiba.
Thursday, March 19th 2015 - 07:32 UTC
Rousseff unveils anti corruption measures, but her approval has fallen to 13%

Brazil's Dilma Rousseff tried to get ahead of the storm of scandal bearing down on her presidency on Wednesday, unveiling a raft of anti-corruption measures she hopes will appease her critics.
Sunday, March 15th 2015 - 02:25 UTC
Brazil readies for Sunday’s mass protests; tepid marches in support of Dilma on Friday

Pro-government labor unions, student organizations and social activists staged demonstrations across Brazil on Friday in support of President Dilma Rousseff, two days before mass protests planned against her administration.
Wednesday, March 11th 2015 - 03:02 UTC
Petrobras whistleblower says Rousseff's party received US$ 200 million from Petrobras contracts

A former Petrobras executive told a congressional hearing in Brazil on Tuesday that the ruling political party received up to 200 million dollars skimmed from contracts with the state-run oil company, reiterating claims made in plea bargain testimony.
Tuesday, March 10th 2015 - 07:05 UTC
Brazilian lawmakers accused of Petrobras graft fight back

Brazil’s congressional heads denied involvement in the country’s largest graft scandal after being named among dozens of politicians for investigation. Renan Calheiros and Eduardo Cunha, the heads of the Senate and Lower House respectively, and Rio de Janeiro Senator Lindbergh Farias all rejected allegations of graft in the Petrobras kickback scheme dubbed “Carwash.”
Saturday, March 7th 2015 - 07:41 UTC
Petrobras corruption: Supreme Court approves investigation of 54 politicians

Brazil's Supreme Court late Friday approved an investigation of dozens of top politicians, including a former president and leaders of congress, for alleged connections to what they call the biggest graft scheme ever uncovered in the country which has the largest economy in Latin America.
Thursday, March 5th 2015 - 08:23 UTC
US Judge names lead plaintiff in class-action lawsuit against Petrobras

A U.S. federal judge on Wednesday named a trustee of a British pension fund as the lead plaintiff in a class-action lawsuit against Brazil's state-run oil company Petrobras and its top executives.
Thursday, March 5th 2015 - 07:11 UTC
Rousseff faces a revolt in Congress from her ruling coalition main ally

Brazilian President Dilma Rousseff, (and her political mentor Lula da Silva), raced on Wednesday to defuse a rebellion by legislators upset about her budget austerity plans and her handling of a corruption scandal at state-run oil company Petrobras, which now threatens political stability.