Petrobras sues five contractors to recover $424 million corruption losses
Nicolas Torres
May 15, 2015
Brazil’s state-owned oil giant is filing five joint lawsuits against engineering and construction firms to recover about $424 million tied to a long-running corruption scheme.
Petrobras said it has already filed two suits with Brazil’s Federal Public Prosecutors’ Office for improper conduct against contractors believed to have played a role in improperly inflating procurement costs and skimming money from company contracts.… Continue Reading