Report: Providence, Rhode Island sues Petrobras for graft-related bond losses
Nicolas Torres
December 30, 2014
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