Petrobras, which rose to become the fourth largest company in the world, is now battling a serious corruption scandal that has left its reputation in tatters. How did this global oil major scale such heights spectacularly and then fall so low?
Petróleo Brasileiro S.A. (Petrobras), the Brazilian national oil company, is at the center of a major corruption scandal which has been unfolding since March 2014 and sparked widespread protests across Brazil earlier this year.