Dilma Rousseff accepts the resignation of the president of Petrobras

prensamercosur.org

Brasilia.- The president of Brazil, Dilma Rousseff, cornered on completely different fronts, political and financial, has determined to attempt to sort out one: that of the biggest public firm in Latin America, the oil firm Petrobras, eaten away by successive corruption scandals which have devalued it by two of its third events.

Rousseff determined this Tuesday, based on Reuters, to just accept the resignation of Graça Foster, the president of the mega firm with greater than 85,000 staff. Foster, for months, had positioned her place within the arms of the top of state, however she at all times ended up – till right now, following a gathering between the 2 – by supporting her. Now, there’s nonetheless no mounted date for the efficient departure, which might possibly be delayed even weeks, studies the Spanish newspaper el País.

Final week it was made public that the worth of what was stolen by the corruption system, added to sure ineffective initiatives, quantities to 88 billion reais (virtually 34 billion {dollars}). This, based on a number of columnists within the Brazilian press, has definitively influenced the dismissal of Foster, who had been in workplace for 3 years and who till now has acted, along with being the primary supervisor of a big firm that was battered, as a political protect for the president. .

It was sufficient for A Folha de São Paulo to publish the dismissal in its digital version right now for the oil firm’s shares to skyrocket by as much as 10%. Late final 12 months, at a breakfast with journalists in Brasilia, Rousseff defended Foster, whom she considers a private buddy of hers, and acknowledged that she didn’t intend to interchange her. “I do know her. And I understand how critical it’s and the way appropriate it’s,” she stated. However two months within the present maelstrom of dangerous information besetting the Rousseff authorities is a very long time. Petrobras’ loss is gigantic: in 2010 it was price 380.2 billion reais (126 billion euros). 4 years later, a consequence, for essentially the most half, of poorly calculated investments and the revelations of the corruption that eats away at it, its worth is 2.3 occasions decrease: 112,000 million reais (42,000 million {dollars}). It nonetheless makes cash, although, though earnings for the third quarter of 2014 fell 9.07% in comparison with the identical interval in 2013, based on the earnings report launched Wednesday, which doesn’t embrace
what was stolen

In the meantime, the scandals proceed to occur. Simply right now, Julio Camargo, a kind of accused of bribing senior Petrobras officers who, beneath arrest, have dared to denounce the system of corruption, claimed that he paid 12 million reais (4.5 million {dollars}) to acquire building concessions and added that the fee of bribes on this firm by the concessionaire firms was “an institutionalized actuality.”