The state oil company reached an agreement with investors who filed lawsuits arguing executives kept the shares prices artificially high by covering up the extent of the corruption scandal
Tag: Lava Jato
Posted inDaily Brief
Eletrobras writes off losses from bribes
Brazil’s state-owned utility says it spent $94m to rig bids in 2014-2015
Posted inDaily Brief
BNDES blocks Lava Jato loan payments
Brazil’s national development bank halts export financing for five companies with projects in nine countries
Posted inDaily Brief
Braskem opens talks with US officials
Brazilian petrochemical producer says the talks could result in a fine and other possible sanctions
Posted inWeb Articles
Former Brazil finance minister arrested in Petrobras bribery probe
Antonio Palocci is the second former finance minister detained in less than a week
Posted inDaily Brief
Brazil seizes Odebrecht, OAS assets
Federal audit court moves to recover money that Petrobras overpaid for projects at the Abreu e Lima Refinery
Posted inDaily Brief
Brazil bars Mendes Junior from government tenders
Construction company cannot bid for federal, state or municipal contracts for at least two years
Posted inDaily Brief
BTG Pactual finds no evidence of corruption
Brazilian investment bank releases the results of an investigation that it says clears former CEO Andres Esteves
Posted inDaily Brief
Esteves cedes control of BTG
Seven partners at the bank conduct share exchange with former head Andre Santos Esteves after his arrest