"Brazil Reacts to Pretobras Graft Scandal"

3/31/15: As the Petroleo Brasileiro SA (Petrobras) corruption scandal unfolds, it has drawn howls of outrage from many different quarters, particularly in the streets where hundreds of thousands of Brazilians have condemned what they see as widespread corruption, particularly related to the administration of...Brazilian President Dilma Rousseff and its alleged ties to the state-run petroleum company. In response to massive demonstrations, announcements by the Swiss government that it had uncovered some 300 secret accounts, and calls by the prosecutors of the Petrobras case to toughen anti-corruption laws, the President launched a new anti-corruption offensive. The new initiative comes on the heels of Brazil’s highly publicized anti-corruption law. For global companies with current or planned operations in Brazil, here’s a heads up about the blowing winds.