Petrobras sharpens deepwater focus in quest for value
Petrobras is in a state of transformation, company officials said at a press conference in London, with an eye on selling down assets and tackling debt – in tandem with major expansion plans.
Odebrecht
The FCPA on the rise: bribes, booms and bonuses
The US’ Foreign Corrupt Practices Act (FCPA) is the benchmark for anti-corruption efforts around the world but the ways in which it is being used are changing, as various countries work on their own efforts.
Odebrecht CEO wrote jail note to destroy ‘rigs e-mail’, police say
The head of Brazilian conglomerate Odebrecht SA wrote a note to lawyers with the phrase “destroy rigs e- mail” while he was in jail, police said Wednesday, drawing more attention to the most senior executive detained in a wide- ranging graft investigation. Marcelo Odebrecht, 46, wrote the message that was handed to lawyers and photocopied at the jail as part of a routine search, according to a police statement. The note also mentions “Andre Esteves,” which is the name of the billionaire banker who is CEO of Grupo BTG Pactual SA. A spokesman for BTG declined to comment. BTG shares fell 3.7 percent today to 29.85 reais.
Top bosses arrested in Petrobras corruption probe
The heads of two of Brazil’s largest conglomerates were detained by police as part of a widening corruption investigation at state oil company Petrobras.