Kasalana White Paper 4:
The so-called 'Petrobras Scandal' engulfing Brazil for the past 18 months looks set to run. It is likely to have profound implications for the way international companies operate in emerging markets, where the nexus between politics and business is much closer than the developed world. In order to understand better its potential ramifications, one of our Brazilian sources, an experienced business journalist and commentator, has kindly provided the following analysis of Operation Car Wash, as the investigation is known there.