Petrobras scandal costs billions of dollars

Corruption has cost the Brazilian oil company USD 2.0 billion. Petrobras lost USD 7.1 billion in 2014 - roughly the same as the company earned the year before.

Photo: Petrobras

The bill has been settled for the major corruption scandal that has plagued partially state-owned Brazilian oil company Petrobras.

Numerous Petrobras executives stand charged of having used bribes on a large scale in relation to contracts with subcontractors, and the company has been through a protracted turbulent period.

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