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Costs of the Petrobras Corruption

BBC Article: Brazil’s state-run oil company, Petrobras has taken a $2bn (£1.3 bn) charge for costs related to corruption.  The company has published accounts for last year showing an overall loss of $7.2bn.  The company’s results also included an impairment charge of $14.8bn reflecting the decreased value of its assets.  

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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 […]

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