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  • And It All Started with a Car Wash: Layers of Corruption in the Petrobras Scheme

    Petrobras is a multinational oil and gas company publicly traded in Brazil and international stock markets including the New York Stock Exchange. The company's controlling shareholder is Brazil's federal government. Political influence was at the centre of Petrobras's participation in a massive corruption scheme revealed in 2014. Brazil's Federal Police launched Operation Car Wash, a series of investigations disclosing a wide-ranging corruption scheme involving Petrobras, many politicians, and the country's leading construction firms. The case focuses on how corruption spread at Petrobras and the company's responses to the crisis beginning in March 2014.
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