Brazil's scandal-hit Petrobras announces 2014 losses of $7.2bn

GMT 01:51 2015 Thursday ,23 April

Arab Today, arab today Brazil's scandal-hit Petrobras announces 2014 losses of $7.2bn

Brazil's scandal-hit state oil giant Petrobras lost $7.2bn last year
Rio de Janeiro - Arab Today

Brazil's scandal-hit state oil giant Petrobras lost $7.2 billion last year, it said Wednesday, releasing its first audited account of the damage from a massive kickbacks scheme.

The corruption scandal, in which Petrobras executives allegedly colluded with construction companies to massively inflate contracts and bribe politicians, has badly hurt Brazil's largest company and President Dilma Rousseff's government.

 

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