BRASILIA, March 26 (Reuters) – Brazilian authorities on
Thursday said they uncovered a tax fraud scheme at the Finance
Ministry’s tax appeals board that may have cost taxpayers up to
19 billion reais ($5.96 billion).
The news came in the midst of a multibillion-dollar
corruption scandal at state oil company Petroleo Brasileiro SA,
or Petrobras, that has rattled Brazil’s political
establishment and weighed on the fragile economy.
BRASILIA (Reuters) – President Dilma Rousseff’s government denied on Wednesday that it is looking to strike a “grand bargain” with Brazilian construction and engineering firms implicated in the kickback scandal at state-run oil company Petrobras.
With Brazil facing recession, the government is keen to limit economic fallout by reaching leniency deals with some of the 24 companies under investigation that have halted projects and laid off workers after Petrobras stopped paying them.
BRASILIA (Reuters) – A majority of Brazilians favor impeaching President Dilma Rousseff due to an economic slump and a snowballing corruption scandal at state-run oil company Petrobras, according to a poll released on Monday.
The survey by polling firm MDA showed that 59.7 percent of respondents favor Rousseff’s impeachment, and 68.9 percent believe she is responsible for the corruption involving a massive kickback scheme at Petroleo Brasileiro SA, as the oil giant is formally known.
BRASILIA (Reuters) – Prosecutors who uncovered Brazil’s biggest corruption case called on Friday for tougher prison sentences and more legal powers to crack down on rampant graft that costs taxpayers more than the annual budget for education and health.
Hoping to ride a wave of national disgust over the latest corruption scandal at state-run oil company Petrobras, the top federal prosecutor’s office known as PGR sent Congress proposals to stiffen penalties for corruption to up to 25 years in prison.
BRASILIA (Reuters) – Brazilian President Dilma Rousseff launched an anti-corruption offensive on Wednesday to counter rising discontent over a kickback scandal engulfing state-run oil company Petrobras that has implicated her allies and undermined her popularity.
Her anti-corruption proposals, contained in bills submitted to Congress, include the criminalization of slush funds – known in Portuguese as “Caixa 2″ – that are widely used by Brazil’s political parties to finance their campaigns.
BRASILIA/SAO PAULO (Reuters) – Brazilian prosecutors formally charged the treasurer of the ruling Workers’ Party and 26 others with corruption linked to state-run Petrobras (PETR4.SA: Quote, Profile, Research, Stock Buzz) on Monday, in the latest blow to President Dilma Rousseff from the widening scandal.
Prosecutors have “ample proof” that Joao Vaccari, treasurer of Rousseff’s ruling party, solicited donations from former Petrobras services chief Renato Duque and executives at engineering firms accused of funneling money from the oil company, prosecutor Deltan Dallagnol said.
BRASILIA (Reuters) – Brazil’s upcoming 2015/16 coffee harvest that starts in May will produce 40.3 million to 43.25 million 60-kg bags, according to the latest research by the local government industry-linked Procafe Foundation released on Thursday.
If confirmed, the forecast commissioned and published by the National Coffee Council (CNC) would be a drop of between 4.6 to 11.1 percent from the last year’s harvest of 45.34 million bags.
BRASILIA (Reuters) – President Dilma Rousseff can no longer count on a key ally in her ruling coalition, complicating efforts to stave off what could be the roughest patch for Brazil’s economy in a quarter-century.
Leaders of the Brazilian Democratic Movement Party (PMDB), the biggest party in Rousseff’s coalition, blame her for their inclusion in a probe of politicians allegedly involved in a massive corruption scheme at state-run oil company Petrobras.
BRASILIA (Reuters) – President Dilma Rousseff appealed to Brazilians on Sunday to back fiscal austerity policies, while saying that the belt-tightening will last as long as needed and positive results will only start showing at the end of this year.
With the economy stalled and relations with her coalition allies in disarray due to a massive corruption investigation at state-run oil company Petrobras, Rousseff needs support for unpopular steps to reduce a gaping deficit and save Brazil’s investment grade rating on its debt from a downgrade by ratings agencies.
BRASILIA, March 6 (Reuters) – Brazil’s Supreme Court will
investigate the speakers of both houses of Congress and 32 other
sitting politicians in connection with a multibillion-dollar
kickback scheme at state-controlled oil company Petrobras
The scandal has shaken the political establishment and
undermined support for President Dilma Rousseff, who was
narrowly re-elected last year and is struggling to stave off an
economic recession and a downgrade by credit rating agencies.