Brazil's Rousseff says Petrobras has cleaned up corruption

April 9, 2015 5:12 PM

57 0

BRASILIA, April 9 (Reuters) - State-run oil company Petrobras has purged corrupt managers and put a graft scandal behind it, while hitting record output levels from off-shore deposits, Brazil's President Dilma Rousseff said on Thursday.

The indictment of former senior executives of Petroleo Brasileiro SA and the investigation of dozens of political allies of Rousseff in the multibillion-dollar kickback scandal has thrown her government into crisis and undermined investor confidence in Brazil.

Also read: Why airplane parts from Miami to Syria just got a company in trouble

Read more

To category page