Tag Archives: scandal

The Petrobas Downfall and its Effects on Brazil’s Economy and Political System

BY: CHARLES VERCILLO At one time, owning stock in the Brazilian state-owned Petrobas oil company could be described as promising. However, that promise has waned as allegations of corruption and scandal have plunged the company into a formal “wide-ranging investigation” into the company’s business practices. This scandal, popularly known as “Operation Carwash” revolves around a […]