Professor Elam

Thursday Nov 20 2014

Petrobas Executives have been arrested on bribery and price fixing charges.  THis is similar to the Jack Lew post previously.

Prosecutors allege that Petrobras executives who were political appointees took kickbacks from the company's suppliers and contractors. The employees then passed part of that money along to political parties, prosecutors said. Local media, citing leaked reports from Petrobras executives, say the parties allegedly used the money to finance election campaigns.

Ms. Rousseff, who hasn't been accused of wrongdoing, acknowledged that public money was diverted at the company and pledged to support all investigations.

If this sounds familiar it is of course a world wide phenomenon. Ms. Rousseff Workers Party just won re election as President of Brazil.