Brazil police target politicians in new Petrobras raids

Brazilian police probing the giant Petrobras corruption scandal launched raids Tuesday against several politicians, including former president Fernando Collor de Mello, reportedly seizing a Ferrari and other luxury cars from his home.

Brazil ruling party treasurer arrested in Petrobras probe

The treasurer of Brazil`s ruling party was arrested Wednesday for alleged money laundering and taking bribes from state oil giant Petrobras that were stuffed into backpacks, the latest blow to President Dilma Rousseff.

Brazil builder with ties to Petrobras files for bankruptcy

Brazil builder OAS, which prosecutors accuse of involvement in the massive corruption scandal at state oil firm Petrobras, filed for bankruptcy protection for nine of its units Tuesday.

Ruling party treasurer facing trial over Petrobras affair

 Brazil`s judiciary are to try Joao Vaccari, treasurer of the ruling Workers Party (PT) on corruption and money laundering charges relating to a graft scandal at oil giant Petrobras, according to documents seen Monday by AFP.

Brazil museum lands 139 works of art seized in Petrobras scandal

A Brazilian museum Thursday received 139 works of art, including a painting by Joan Miro, seized from individuals involved in the corruption scandal rocking state oil giant Petrobras.

Switzerland returns $120 mn of Brazil corruption money

Swiss judicial authorities said Wednesday they have released $120 million (113 million euros) of frozen funds linked to the devastating corruption scandal at Brazilian state oil giant Petrobras.

Brazil president warns on violence as new demos loom

Brazilian President Dilma Rousseff warned Monday she would not tolerate violence as the continent-sized Latin American country, convulsed by a graft scandal involving dozens of politicians, prepared for a new spate of protests.


Toll in Brazil oil rig blast reaches five

Rio De Janeiro The toll in an accident at an offshore oil platform operated by Brazil`s state oil giant Petrobras climbed to five, media reported Thursday.

Brazil arrests another Petrobras director in graft case

 Brazilian police said Wednesday they have arrested a top former executive of scandal-plagued state oil firm Petrobras, on suspicion of money laundering and graft.

Brazil police take statements in Petrobras probe

 Brazilian police Saturday began questioning some two dozen people arrested in the course of a wide-ranging probe into allegations of a multi-billion-dollar kickback scheme at state-owned oil giant Petrobras the day before.

Second Petrobras director arrested in graft case

 Brazilian police said Friday they made 27 arrests, including the detention of a former official for state-owned oil giant Petrobras, as a multi-billion kickbacks scandal deepened.

Brazilian presidential candidates speak up against corruption

Brazilian President Dilma Rousseff and opposition leader Aecio Neves, who will face off in the October 26 runoff election, have harshly attacked each other in a new televised debate over corruption scandals in their respective parties.

Brazilian President Dilma Rouseff exonerated in probe of refinery deal

Brazil`s federal audit tribunal has said that President Dilma Rousseff bore no responsibility for state-controlled oil giant Petrobras`s ultimately disastrous acquisition of a US refinery in 2006.

Brazil names 46 suspects in money-laundering, drug probe

Police in Brazil have named 46 people, including an ex-executive at oil giant Petrobras, as suspects in an alleged USD 4.5 billion money laundering and drug operation, officials have said.

Bill Clinton wades into US-Brazil cyberspy row

Former US president Bill Clinton, currently on a visit to Rio de Janeiro, said he opposes economic espionage on Washington`s allies such as Brazil.

Petrobras to exit ONGC block, Shell keen to get in

Brazil`s Petrobras had decided to
quit Oil and Natural Gas Corp`s (ONGC) prolific gas discovery
block in the Krishna Godavari basin, a vacancy that Royal
Dutch/Shell and BP Plc are keen to fill-in.