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Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
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Eric Carlson
Contributing Editor

Posts Tagged: Maria das Gracas Foster

Petrobras graft leakage could top $5 billion

Rio de Janeiro, Brazil – Fired workers protest at Petrobras headquarters.Corruption losses at Brazil’s state-owned energy giant will likely reach $5.3 billion but could go even higher, a prosecutor said this week.… Continue Reading

Brazil police arrest construction titan in Petrobras fallout

Marcelo Odebrecht (Image courtesy of the Economist via YouTube)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 prosecutors indict ex-Petrobras international boss

Image courtesy of WikipediaProsecutors 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

Report: Petrobras CEO and five executives resign

Petrobras CEO Maria das Graças Foster has reportedly resigned from Brazil’s state-owned oil giantPetrobras CEO Maria das Graças Foster has resigned her post along with five other executives, the state owned company said Wednesday in a securities filing.… Continue Reading

Report: Providence, Rhode Island sues Petrobras for graft-related bond losses

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