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

April 23, 2015 11:14 AM

57 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: Sears warns of 'going concern' doubts

Read more

To category page

Loading...