How Brazil Screwed Up

  • Oil Scandal

    Brazil’s prosecutor's office said in a statement that tycoon Eike Batista and seven former directors of oil company OGX Petroleo e Gas Participacoes have been charged with deceiving investors with false information regarding the company's production potential. Prosecutors said the stock manipulation caused the market to lose more than $6 billion.
  • Oil Scandal

    Police in Brazil arrested Renato Duque, the former director of services of the state-run oil company Petrobras, for his alleged role in a money-laundering scheme as authorities conduct a widening probe of corruption involving the company.
  • Oil Scandal

    Police in Brazil issued 62 arrest, search and other legal orders in the investigation into a massive kickback scheme at the state-run oil company Petrobras. This included a warrant compelling the treasurer of Brazil's ruling Workers' Party to testify.
  • Protest

    In Brazil some 5,200 workers at an assembly line at one of three General Motors plants ground to a halt as workers went on strike to protest the planned layoffs of nearly 800 employees.
  • Protest

    In Brazil an estimated 1.5-2.2 million people took to the streets across the country in protest over corruption, with many calling for Pres. Dilma Rousseff's impeachment.
  • Oil Scandal

    Brazilian police launched a new round of arrests in the corruption scandal at state oil giant Petrobras, a day after massive nationwide demonstrations against leftist President Dilma Rousseff.
  • Corupt Officials

    Brazil’s federal police said they had uncovered "criminal organizations" suspected of causing a shortfall of at least 6 billion reais ($1.9 billion) in unpaid taxes. More than 50 companies in the industrial, financial and agricultural sectors were being investigated for allegedly bribing officials at the Finance Ministry's tax appeals court to reduce annual fines on unpaid taxes.
  • Corruption

    In Brazil the federal prosecutors' office in Brasilia confirmed media reports that a prosecutor was looking at a $900 million price difference and possible corruption in the $5.4 billion purchase of 36 Gripen fighter planes from Sweden's Saab AB in 2009.
  • Oil Scandal

    Brazil's federal police arrested former government minister Jose Dirceu, one of the most senior members of the ruling Workers' Party to be jailed so far in a probe of alleged corruption at state-run oil company Petrobras.
  • Oil Scandal

    Brazil’s attorney general filed corruption charges against Eduardo Cunha, speaker of the lower house of Congress. He was accused of accepting $5 million in bribes in connection with the construction of two Petrobras drilling ships.
  • Opposition

    Brazil's opposition filed a new impeachment petition against President Dilma Rousseff, accusing her of illegal accounting practices.