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Entries in Maria das Gracas Foster (8)


Petrobras graft leakage could top $5 billion

Rio de Janeiro, Brazil - Fired workers protest at Petrobras headquarters.Corruption losses at Brazil's state-owned energy giant will likely reach $5.3 billion but could go even higher, a prosecutor said this week.

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Brazil police arrest construction titan in Petrobras fallout 

Marcelo Odebrecht (Image courtesy of the Economist via YouTube)Brazilian police arrested Marcelo Odebrecht, the billionaire CEO of the powerful Odebrecht conglomerate.

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Petrobras sues five contractors to recover $424 million corruption losses

Petrobras CEO Aldemir Bendine. (Image courtesy of’s state-owned oil giant is filing five joint lawsuits against engineering and construction firms to recover about $424 million tied to a long-running corruption scheme.

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Brazil prosecutors indict ex-Petrobras international boss

Image courtesy of WikipediaProsecutors in Brazil Tuesday charged a former senior executive at the state-controlled energy giant with racketeering, bribery, and money laundering.

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Rolls Royce accused in Petrobras bribe case

Image courtesy of Rolls RoyceUK-based Rolls Royce has been accused of bribing an employee of Brazil's state-controlled oil company to win a $100 million contract to provide gas turbines for oil platforms.

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Report: Petrobras CEO and five executives resign

Petrobras CEO Maria das Graças Foster has reportedly resigned from Brazil's state-owned oil giantPetrobras CEO Maria das Graças Foster has resigned her post along with five other executives, the state owned company said Wednesday in a securities filing.

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Report: Providence, Rhode Island sues Petrobras for graft-related bond losses

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.

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Former Petrobras refining chief investigated for bribery, court considers freeze of CEO assets

Image courtesy of PetrobrasFour months after being arrested by Brazilian police on charges of money laundering, Petrobras’ former refining and fuel chief Paulo Roberto Costa is now being investigated for bribery.

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