Friday 24 April 2015

EIGHT CONVICTED IN PETROBRAS CASE

PetrobrasA Brazilian judge has convicted a former Petrobras executive of money laundering and racketeering for his role in the massive kickback scandal engulfing the state-run oil company, but he will only serve one year of house arrest.


Petrobras’ former director of refining and supply, Paulo Roberto Costa, who named many of those implicated in the widening corruption scandal in a plea bargain deal with prosecutors, was sentenced to 7 years and 6 months in prison.

Read more @ SweetCrude Report

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