Brazil's Petrobras: We lost $2 billion to bribery

April 23, 2015 11:14 AM

52 0

Brazil's Petrobras has put a price tag on its massive corruption scandal, writing off $2 billion for bribery-related costs.

The state-owned oil giant announced an overall loss of $7.2 billion in 2014 on Wednesday, two months after its CEO and five other executives resigned over the affair.

Also read: Disney may try to get even bigger to compete with merged AT&T-Time Warner

Read more

To category page