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 and total R$4.06 billion (over US$1.5 billion), according to Petrobras President, Maria das Graças Foster.

This year alone the losses to the company could go as high as R$150 million (over US$57 million) due to the Subscribe to our Premium Membership Plan. Already Subscribed? Login Here