The Petrobas scandal explained (2015) - FAQ
Frequently asked questions about this film.
What is The Petrobas scandal explained about?
The Petrobas scandal explained is a news segment. In March last year, a former director of Petrobras, Brazil's state-controlled oil company, is arrested for money laundering. During a plea bargain, he reveals a vast kickback and bribery scheme involving Petrobras executives and Brazil's largest construction firms. They allegedly inflate contracts by up to 3%, using the excess funds for bribes and to enrich themselves, primarily benefiting the ruling Workers Party and its allies. Analysts estimate that around twenty billion dollars has been stolen, nearly half of Petrobras's market value. The scandal complicates Petrobras's financial situation, as its auditors, PwC, have signed off on its financial statements, leaving the company cut off from capital markets and at risk of technical default. The Brazilian economy faces a potential recession, exacerbated by the scandal, which could lead to reduced investments and threaten vital infrastructure projects, including those related to the 2016 Olympics. Although President Dilma Rousseff, who chaired Petrobras from 2003 to 2010, denies involvement, the implications of the scandal are significant.
When was The Petrobas scandal explained released?
The Petrobas scandal explained was released in 2015.
How long is The Petrobas scandal explained?
The Petrobas scandal explained has a runtime of 3 minutes.
Where can I watch The Petrobas scandal explained?
You can watch The Petrobas scandal explained on iWonder.
What genre is The Petrobas scandal explained?
The Petrobas scandal explained is classified as Business.
What topics does The Petrobas scandal explained cover?
The Petrobas scandal explained explores topics including corruption.
Is The Petrobas scandal explained available for free?
The Petrobas scandal explained is available to stream on iWonder. Check the film page for current availability and any subscription requirements.
Can I watch The Petrobas scandal explained with subtitles?
Subtitles may be available for The Petrobas scandal explained on iWonder. Look for the CC (closed captions) button in the video player when available.