Brazil’s Petrobras: We lost $2 billion to bribery

Brazil’s Petrobras has put a price tag on its massive corruption scandal, writing off $2 billion for bribery-related costs.

The state-owned oil giant announced an overall loss of $7.2 billion in 2014 on Wednesday, two months after its CEO and five other executives resigned over the affair.

Federal prosecutors have accused the former executives of illegally “diverting” billions from the company’s accounts for their personal use or to pay off officials.

More than 80 people have been charged with bribery and money laundering during the criminal investigation — dubbed “Operation Car Wash.”

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