Former Petrobras CEO Testifies Before Brazilian Congress

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Brazil’s former Petrobras CEO, Maria das Graças Foster, told a Congressional committee on Thursday (March 26th) that she felt ashamed about the widespread corruption scandal that has engulfed one of the country’s largest companies, but reiterated that she knew nothing about the bribes-for-contracts scheme. During five hours Foster explained to congressmen that the Petrobras board of directors was not aware of the wrongdoings committed by some of its executives.

“I defend Petrobras’ control measures, but the corruption was discovered by the federal police,” she said . . .

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