Director / Editor: Victor Teboul, Ph.D.

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Former Petrobras Director: Graft Scheme Widespread in Brazil

A former Petrobras executive at the center of an alleged multibillion-dollar graft scheme involving the state-run oil company said on Tuesday that similar bribery and kickback schemes are prevalent in many Brazilian public-infrastructure projects. The March arrest of the executive, Paulo Roberto Costa, helped uncover a scheme that allegedly used inflated Petrobras contracts for refineries and other projects to funnel money to politicians through leading construction companies. At a...

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