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Brazil: Fifteen banks linked to the Petrobras scandal

By  |  March 22, 2015

Forbes reported on Friday that fifteen banks will join Petrobras next week, April 3, in a New York court to explain how they did nothing wrong when selling $98 billion worth of the Brazilian state oil company’s bonds to American investors.

Petrobras is currently in a corruption scandal involving its construction partners and ruling party politicians is threatening to take down members of congress. Last weekend, hundreds of thousands of Brazilians took to the streets in protest against Petrobras and the Workers’ Party. Some called for the impeachment of president Dilma Rousseff.

 

Full Content: Forbes

 

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