In a rare turn up for the books, the head of state of Latin America's largest economy just accused three of the country's four richest men of engaging in blatant accounting fraud.
O billionaire it is one of the rare cases – but not the only one – of a fortune of more than six figures in recent years (Image: Virgile Simon Bertrand for Forbes) In recent weeks, the billionaire Sam Bankman-Fried was in the spotlight after the sudden collapse of his…
Petrobras scandal, Brazilian political corruption scandal beginning in 2014 that involved the indictment of dozens of high-level businesspeople and politicians as part of a widespread investigation alleging that many millions of dollars had been kicked back to officials of Petrobras, Brazil’s huge majority-state-owned oil company, and to politicians especially members of the ruling Workers’ Party (Partido dos Trabalhadores; PT) of Pres. Dilma Rousseff by prominent Brazilian corporations in return for contracts with Petrobras. The malfeasance was revealed by a federal investigation begun in 2014 under the code name Lava Jato (“Car Wash”). The massive scheme to defraud Petrobras Brazil’s largest enterprise and a
Petrobras scandal, Brazilian political corruption scandal beginning in 2014 that involved the indictment of dozens of high-level businesspeople and politicians as part of a widespread investigation alleging that many millions of dollars had been kicked back to officials of Petrobras, Brazil’s huge majority-state-owned oil company, and to politicians especially members of the ruling Workers’ Party (Partido dos Trabalhadores; PT) of Pres. Dilma Rousseff by prominent Brazilian corporations in return for contracts with Petrobras. The malfeasance was revealed by a federal investigation begun in 2014 under the code name Lava Jato (“Car Wash”). The massive scheme to defraud Petrobras Brazil’s largest enterprise and a