Tag: Petrobras

Friday, December 12th 2014 - 06:03 UTC
Brazilian executives from leading companies formally charged for the Petrobras corruption scandal

Brazilian prosecutors formally charged executives from six of the country's largest engineering firms with forming a cartel to funnel kickbacks from state-run oil firm Petrobras to the ruling political party and its allies.
Tuesday, December 9th 2014 - 23:08 UTC
Despite Petrobras corruption, Rousseff has strong public opinion support

Seven out of ten Brazilians believe President Dilma Rousseff has some responsibility in the Petrobras corruption scandal, which involves contractors and politicians, according to a public opinion poll from Datafolha, conducted on Dec. 2 and 3, including 2,896 interviews and published by Folha de Sao Paulo.
Tuesday, December 9th 2014 - 08:26 UTC
The man in charge of fighting corruption in Brazil resigns: “I've done my duty”

Comptroller General Jorge Hage, the man in charge of fighting corruption in the Brazilian government, announced his resignation amid a widening graft scandal centered on state-run oil company Petrobras. Hage said he sent President Dilma Rousseff his resignation letter a few weeks ago, after she won re-election for a second term in office.
Friday, November 28th 2014 - 06:13 UTC
Petrobras agrees to appoint a “governance, risk management and compliance” director

Brazil's oil and gas giant Petrobras (and currently immersed in a major corruption scandal) has decided the appointment of a director of governance, risk management and compliance mainly to ensure risk mitigation and ensure the repeat of situations of fraud and corruption, according to a release from the corporation.
Wednesday, November 26th 2014 - 06:39 UTC
US Securities & Exchange Commission investigating Petrobras corruption scandal

Brazil’s state-run oil firm Petrobras said on Monday it had received a subpoena from the US Securities and Exchange Commission asking for documents relating to an investigation it is pursuing. The SEC investigation is the latest in a multi-layered probe into Petrobras which is spreading beyond Brazil’s borders.
Friday, November 21st 2014 - 08:50 UTC
Petrobras case revealing the extent of corruption in Brazil's political system

The lawyer of the Brazilian lobbyist Fernando Baiano, who was finally arrested in an ongoing investigation into corruption at state oil company Petrobras, has said that “no public work is done in Brazil without a bribe” and that the people who deny allegation of corruption “ignore the country’s history.”
Wednesday, November 19th 2014 - 06:57 UTC
Petrobras corruption: plea bargains with the return of 165m dollars with five accused

Five people accused in a corruption scandal at Brazil's state oil giant Petrobras have agreed to return 165 million dollars to the public purse in plea bargains with prosecutors, a newspaper reported Tuesday.
Tuesday, November 18th 2014 - 08:22 UTC
Rousseff pledges that Petrobras corruption case “will change the country forever”

Brazil's President Dilma Rousseff said investigations into corruption at the state-owned oil company, Petrobras, could change the country forever. This was the first time she spoke since the arrest on Friday of 23 people suspected of corruption and money-laundering.
Saturday, November 15th 2014 - 07:52 UTC
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.
Wednesday, November 12th 2014 - 06:48 UTC
US authorities looking into 'possible bribes' in the Petrobras corruption scandal

United States authorities are investigating whether Brazil's giant gas and oil corporation Petrobras or its employees were paid bribes, adding to the mounting domestic corruption probes facing the state-controlled oil company.