One of the world’s biggest shipbuilders agreed Friday to pay $75 million in total penalties to resolve criminal FCPA offenses in Brazil.… Continue Reading
The Bill and Melinda Gates Foundation Trust filed a lawsuit in New York Thursday against Brazil’s state-owned oil giant and its auditor, alleging the loss of millions of dollars from the ongoing graft scandal.… Continue Reading
Brazil’s Petrobras said Wednesday it isn’t negotiating a settlement with U.S. authorities tied to alleged corruption following a report that claimed the state-owned company was in talks to pay a record FCPA fine.… Continue Reading
Hundreds of thousands of Brazilians poured into the streets this weekend to protest against corruption, accusing the ruling Worker’s Party of bribery at the state-owned oil giant Petrobras.
An estimated 700,000 protesters called for impeachment of President Dilma Rousseff.… 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