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Tag: corruption
US city sues Petrobras for corruption
2014-12-26 20:54:30| BBC News | Business | UK Edition
A US city government is suing the Brazilian state-run oil company Petrobras over investor losses due to a corruption scandal.
Tags: city
corruption
sues
petrobras
HK tycoon found guilty of corruption
2014-12-19 09:59:33| BBC News | Business | UK Edition
Hong Kong property tycoon Thomas Kwok and a former government official have been found guilty in the city's biggest-ever corruption case.
Tags: found
guilty
corruption
tycoon
Special Report - Depleted oil field is window into China's corruption crackdown
2014-12-19 02:45:30| Oil & Gas - Topix.net
In a muddy clearing in southern Sumatra, a portable diesel power plant hammers away alongside a wellhead, struggling to extract crude from a depleted reservoir that lies below farmland and rubber plantations. A subsidiary of China National Petroleum Corporation , PetroChina Daqing Oilfield, paid $85 million to pump from three blocks in the ageing Limau field under a 2013 contract with Indonesia's state-owned oil company, Pertamina, according to senior Chinese oil industry officials with knowledge of the transaction.
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report
field
window
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.
Tags: results
delays
grows
corruption
Petrobras (PBR) Stock Falls After Charges Announced in Corruption Scandal
2014-12-12 17:34:02| Oil & Gas - Topix.net
Suspects charged include Paulo Roberto Costa, former director of Petrobras' refining division as well as 23 executives from big Brazilian construction companies, and Alberto Youssef, who allegedly deals currency on the black market and distributed the bribe payments, according to Market Watch . A member of the group of federal prosecutors in the investigation told the publication they are looking to recover at least 1 billion reals through the charges, and have ruled out any possible out-of-court settlements.
Tags: stock
falls
charges
announced
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