Brazilian oil company Petrobras likes to tell U.S. courts that it is a victim of corruption. It’s not their fault, it’s those nasty politicians and their friends in the private sector. Petrobras is the poor, gentle giant that funds Brazilian movie studios and wildlife conservation programs. They were pillaged and ransacked by pirates, hands up, with no one to save them. Tell it to the judge. In 2015, after the fall of Petrobras’ first female CEO, Maria das Gracas Foster, Brazilian president Dilma Rousseff appointed Banco do Brasil chief executive Aldemir Bendine to clean house. The market liked Bendine. He was seen as someone who could lower Petrobras’ overhead. He immediately went to work announcing
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