Brazil’s continuing corruption problem

Donna Bowater – BBC News, 9/16/2015

When Petrobras was named the most ethical global oil and gas company in 2008, few would have imagined that the company would now find itself at the centre of the biggest corruption investigation in Brazilian history.

But a criminal probe is indeed continuing into alleged corruption at Brazil’s largest business. A number of directors at state-run Petrobras are accused of taking bribes from construction companies, in return for awarding them lucrative contracts.

Public prosecutors and federal police claim that bribes of up to 5% of contract values were being skimmed off.

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