wallBy ROGERIO JELMAYER
SÃO PAULO—The alleged corruption scheme said to involve kickbacks from contracts at Brazil’s state-controlled energy giant Petroleo Brasileiro SA, or Petrobras , may have totaled as much as 4 billion Brazilian reais ($1.6 billion), according to the head of the country’s budget watchdog.
Brazil’s Court of Accounts, which is known by its Portugese initials TCU, is helping the country’s federal police investigate allegations of payments to politicians with money skimmed from Petrobras contracts, according to TCU President Joao Augusto Nardes.
The value calculated by Mr. Nardes includes money allegedly overcharged on contracts involving the purchase of a refinery in Texas and the construction of a petrochemical complex in Rio de Janeiro state and three refineries in other locations in Brazil.
“This case is the biggest corruption scheme evaluated in the history of the TCU, in terms of the financial amount involved and also regarding the huge number of people involved,” Mr. Nardes told The ... Read More