You are here

Petrobras scandal seen as a chance for Brazil to confront endemic corruption

BT_20141224_BRAZ24_1426062.jpg
Demonstrators at the main entrance of the Petrobras headquarters in Rio de Janeiro protesting against corruption on Dec 16. The banners read "Below impunity" and "Enough robbery".

Rio De Janeiro

ON the surface it could not be much worse for Brazil. With the economy faltering, its cherished government-controlled oil company Petrobras spiralled into a US$3.8 billion corruption scandal just as it was finally ramping up production in its vast deep water reserves.

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom