RIO DE JANEIRO/ NEW YORK, Aug 18- Brazil's Petrobras may need to pay record penalties of $1.6 billion or more to settle U.S. criminal and civil probes into its role in a corruption scandal, a person recently briefed by the company's legal advisors told Reuters. State-run Petroleo Brasileiro SA, as the company is formally known, expects to face the largest penalties...» Read More
BRASILIA, March 18- 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...
Michigan's AG filed felony racketeering and fraud claims against Chesapeake Energy, alleging the firm canceled land leases under false pretenses.
Former Detroit Mayor Kwame Kilpatrick was sentenced to 28 years in jail for corruption and fraud that added to the Motor City's fiscal woes.