Petrobras Probe Updates

Mass corruption allegations against oil and gas giant Petrobras have caused a political headache for Brazil’s president, Dilma Rousseff (formerly chair of Petrobras’ board), and has sent the company’s share prices plunging 35% in the last month.  It may be the first test of the new Lei Anticorrupção (Brazil Anti-Corruption Act).  See “Navigating Compliance Challenges After the Debut of Brazil’s New Anti-Corruption Law” (Feb. 5, 2014).  The scandal has had global reach, with related investigations extending beyond Brazil to the U.S. and the Netherlands.  Selected recent developments follow, compiled with help from our sister publication, Policy and Regulatory Report (PaRR).

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