Failure to stop Petrobras scandal could haunt Brazil's Rousseff

January 2, 2015 3:58 PM

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Failure to stop Petrobras scandal could haunt Brazil's Rousseff

RIO DE JANEIRO/BRASILIA (Reuters) - When federal investigators first identified signs of corruption at Petrobras in 2009, Dilma Rousseff insisted Brazil's state-run oil company had nothing to hide.

"Petrobras has one of the most accurate accounting standards in the world," said Rousseff, who was then chairwoman of its board and is now Brazil's president. "If it wasn't the case, investors would not be seeking out the company as one of the great investment targets."

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