Petrobras Losses to Corruption May Top US$1.5 Billion
Due to Operação Lava Jato losses to the company this year alone could go as high as R$150 million.
January 30, 2015Topic
Lava Jato
Brazil’s Petrobras Releases Third Quarter of 2014 Results
The twice delayed financial results for the third quarter of 2014 do not include losses expected due to corruption scandal.
January 28, 2015
Lava Jato Main Suspect Youssef‘s Plea Bargain Revealed
The details of the plea bargain of black market money dealer and Lava Jato (car wash) scandal mastermind Alberto Youssef...
January 22, 2015
Former Petrobras Executive Arrested at Rio’s Airport
Nestor Cerveró, former head of internationals at Petrobras, was arrested this morning (January 14th) when he disembarked at Rio's Galeão...
January 14, 2015
Petrobras: Q3/2014 Results Only in 2015, Bans Contractors
Financial results will not have the approval of external auditor and companies linked to Lava Jato scheme are banned from...
December 31, 2014
Money Laundering Scheme in Brazil Indicts Twelve Executives
The indictments are the latest in a series of actions taken by the Federal Police and the Public Prosecutors Office...
December 10, 2014
Brazil’s CB Freezes R$47 Million in Assets from Lava Jato Scheme
The money-laundering scheme may have led to over R$12 billion in losses for brazil.
November 21, 2014 Scandal Oveshadows Petrobras Record Production Results
Instead of talking about record oil production numbers in October, Petrobras president explained why the third quarter financial results were...
November 18, 2014
Brazil Arrests Another 36 in Money-Laundering Operation
The federal police operation also issued search and seizure warrants and blocked million worth in assets.
November 15, 2014