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Petrobras Delays Results as Corruption Scandal Grows
2014-12-14 02:03:29| Oil & Gas - Topix.net
Brazil's state-run oil company Petroleo Brasileiro SA said it delayed the release of its third-quarter financial results for a second time on Friday as a result of new developments in a widening corruption probe. Prosecutors on Thursday indicted executives of some of the country's largest engineering firms for allegedly skimming billions of dollars off overpriced contracts with the oil giant in a kickback and bribery scheme.
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Category:Energy and Environment