je.st
news
U.S. city sues Petrobras for corruption-related bond loss: report
2014-12-26 22:18:52| Oil & Gas - Topix.net
The U.S. city of Providence, Rhode Island, is suing Brazil's state-run oil company Petroleo Brasileiro SA and some of its executives for bond losses stemming from an alleged kickback and bribery scheme, a leading Brazilian newspaper reported on Friday. The court case is the latest problem for Petrobras, whose stock price has recently fallen to its lowest in nearly 10 years as a widening corruption probe caused the company to delay the release of its third-quarter earnings.
Tags: city
report
loss
bond
Category:Energy and Environment