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Petrobras and the $17 billion writeoff for overvalued assets and bribe payments in 2015

04/23/2015

About $2.1 billion of this was writeoff for bribe payments. The corruption investigation is showing the weak links between the government and Petrobras, and affecting public confidence in the government.

Grouped Articles

Brazil’s Petrobras Reports Nearly $17 Billion in Asset and Corruption Charges

Wall Street Journal 04.23.2015

Brazil Arrests the Heads of Construction Giants in Graft Probe

Wall Street Journal 06.19.2015

With Arrest of Marcelo Odebrecht, Brazil’s Corruption Probe Moves to the Penthouse

Wall Street Journal 06.19.2015

Brazil Arrests Head of Odebrecht in Petrobras Scandal

New York Times 06.19.2015

Brazil’s Petrobras Slashes Five-Year Investment Budget

Wall Street Journal 06.30.2015

Steeped in Crises, Petrobras CEO Looks to Chart New Path

Wall Street Journal 08.19.2015

Petrobras CEO’s Challenges Aren’t Going Away

Wall Street Journal 01.05.2016


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