Brazil’s Rousseff Claims No Reason For Impeachment
President Rousseff’s approval ratings have dropped to one-digit numbers in the last few weeks.
July 8, 2015Topic
Lava Jato
Federal Police Arrest Another Petrobras Director in Brazil
With the arrest of Jorge Zelada, Brazil's Federal Police have now arrested four former Petrobras directors in connection with the...
July 3, 2015
Lava Jato Operation Arrests High-Level Executives in Brazil
Among those arrested were the presidents of Odebrecht and Andrade Gutierrez, the two largest construction conglomerates in the country.
June 19, 2015
Lava Jato Scheme Affects Brazil’s Ship-Building Industry
Bribery and money-laundering scheme may lead to the layoffs of forty thousand ship construction employees in the next four months.
April 30, 2015
Two Major Players in Lava Jato Scheme Sentenced in Brazil
Costa and Youssef, were convicted for their involvement with the overcharging of the construction of the Abreu e Lima Refinery...
April 23, 2015
Petrobras of Brazil Announces Losses of US$17 Billion in 2014
Petrobras of Brazil announced that corruption, bribes and devaluation of assets (impairment) cost the company over US$17 billion in 2014.
April 23, 2015
Dow Jones Removes Brazil’s Petrobras From Sustainability Index
The removal of the Brazilian company from the index is due to the widespread corruption scandal known as Operação Lava...
March 17, 2015
Protests Against President Rousseff Announced for Sunday in Brazil
Now, a new protest wave has been announced against her politics in all major Brazilian cities for Sunday, March 15th.
March 12, 2015
Petrobras CEO Steps Down Amid Corruption Scandal
Resignation announcement came as surprise, with markets forecasting Foster would step down only in March.
February 4, 2015