Petrobras Scandal

BRAZIL POLITICS - Report 04 Feb 2015 by Murillo de Aragão and Cristiano Noronha
Graça Foster leaves Petrobras and a new CPI is underway On Tuesday evening, February 3, President Dilma Rousseff met with then-President of Petrobras Graça Foster. Despite the secrecy surrounding the meeting, the topic of which was never divulged, everyone in Brasília knew what was coming, and this morning, February 4, the news was confirmed. Graça Foster stepped down as president of Petrobras. Shaken not only by the huge and ongoing scandal that has hit Brazil’s largest company, but also by more recent investigations indicating that R$ 88 billion was lost as a result of corruption, Graça w...

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