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By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Federal Police in Brazil arrested former Petrobras director for the International Area as part of its on-going Lava Jato (Carwash Operation) operation yesterday (July 3rd). Officials say Jorge Zelada...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Federal Police in Brazil issued warrant arrests for twelve suspects in the 14th phase of the mega bribery and corruption scheme known as Operação Lava Jato (Carwash Operation). Among...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The impacts of the billion-dollar corruption scheme involving Brazil’s oil giant Petrobras and disclosed by the country’s Federal Police in 2014 have reached to the country’s ship building industry. According...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Two main participants in Brazil’s largest corruption and bribery scandals in recent history have been sentenced to jail time by federal prosecutors. Former Petrobras Supply director, Paulo Roberto Costa, and...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The oil giant of Brazil, Petrobras, released on Wednesday night its net result for 2014, which was negative by over US$7 billion. Company officials also announced that corruption, bribes and...
By Lise Alves, Senior Contributing Editor SÃO PAULO, BRAZIL – Dow Jones has announced that Brazil’s oil giant Petrobras is no longer a part of its Dow Jones Sustainability World Index (DJSI World). The reason for the removal of the...
By Lisa Flueckiger, Contributing Reporter RIO DE JANEIRO, BRAZIL - A combination of facts discovered in Operation Lava Jato (car wash) regarding a huge money laundering scandal in Brazil involving oil giant Petrobras together with a weak economy, have led...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – After months of scandals which have led to a strong devaluation of Petrobras’ shares and a downgrade by a major credit rating company, its CEO, Maria das Graças Foster, resigned...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The investigation which seeks to determine the financial losses to Brazil’s oil giant, Petrobras, due to Operação Lava Jato (Operation Carwash) may take up to three years to be concluded...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – After twice postponing the release of the third quarter financial results for 2014, Brazilian oil giant Petrobras released the report early Wednesday (January 28th) morning. The results show a net...
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