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Transparency International Cuts Brazil’s Ranking Due to Petrobras

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL - Transparency International’s Corruption Perception Index 2015 raised Brazil seven positions, going to number 76 out of 168 countries surveyed. The country is the biggest index loser in the Americas, according to the global watchdog, due mainly to the Petrobras corruption scandal.

“Dealing with many entrenched corruption issues, Brazil has been rocked by the Petrobras scandal in which politicians are reported to have taken kickbacks in exchange for awarding public contracts. As the economy crunches, tens of thousands of ordinary Brazilians have lost their jobs already. They didn't make . . .

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