Corruption in Brazil, the big oily; The Petrobras scandal explained
The Economist Article: Nearly as ominous as the economic cloud hovering over Dilma Rousseff is the scandal surrounding Petrobras, the state-controlled oil company. It nearly cost her re-election, and could yet spoil her second term as Brazil’s president.
The affair began in March, when federal police arrested Paulo Roberto Costa, Petrobras’s chief of refining from 2004 to 2012, in a money laundering investigation.
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