SOUTH AMERICA

Petrobras scandal costs over $2.5B

A BRAZILIAN judge has found eight people guilty of kickback or bribery-related crimes as part of an ongoing Petrobras probe which has so far cost 6.2 billion reais ($A2.7 billion), according to long-awaited financial results from the state-run oil giant.

Petrobras scandal costs over $2.5B

While appeals are possible, Judge Sergio Moro found both former Petrobras executive Paulo Roberto Costa and black market currency dealer Alberto Youssef guilty of money laundering. The convictions related...

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