Brazilian police arrested Marcelo Odebrecht, the billionaire CEO of the powerful Odebrecht conglomerate.
He was arrested last week with three other senior company executives and the chief executive of Andrade Gutierrez, another huge construction company.… Continue Reading
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.… Continue Reading
Prosecutors in Brazil Tuesday charged a former senior executive at the state-controlled energy giant with racketeering, bribery, and money laundering.
Nestor Cerveró, the former head of international operations at Petroleo Brasileiro SA, or Petrobras, was accused of taking bribes from 2003 to 2008.… Continue Reading
The city of Providence, Rhode Island is reportedly suing Brazil’s Petrobras and CEO Maria das Gracas Silva Foster for bond losses tied to alleged corruption.
The suit, filed on December 24 in New York, alleges state-owned Petrobras made misleading statements to investors and inflated the price of assets to carry out kickback schemes, Brazilian newspaper O Estado do S.… Continue Reading
Four months after being arrested by Brazilian police on charges of money laundering, Petrobras’ former refining and fuel chief Paulo Roberto Costa is now being investigated for bribery.… Continue Reading