Article: Investment giant Pimco latest to file corruption suit against Petrobras
October 26, 2015
Petro Global News article: Investment giant Pacific Investment Management Co. (Pimco) has filed a lawsuit against Brazil’s Petrobras for allegedly knowing about a corruption scheme that has rocked the company and landed several executives in jail.
According to the Wall Street Journal, the suit was filed last Friday in the Southern District Court of New York and alleges Petrobras executives knew about graft and bribery schemes tied to company contracts, knowledge Pimco says calls “the integrity of the company as a whole” into question.
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