Gates
Foundation claims 'foul' and files lawsuit over its investment losses
in Brazilian oil giant Petrobras
Posted
By: NaturalWisdom
Date: Wednesday, 30-Sep-2015 12:43:17
Date: Wednesday, 30-Sep-2015 12:43:17
Are
these investment losses a form of karmic payback for Gates' endorsement
and support of Common Core, Monsanto/GMOs, and vaccines?
Gates Foundation sues Petrobras, PwC over scandal
PressTV
Sep 26, 2015
http://bit.ly/1YONEcx
PressTV
Sep 26, 2015
http://bit.ly/1YONEcx
[snip]
Microsoft founder Bill Gates’ charity foundation
has filed a legal complaint against Brazilian oil giant Petrobras over
investment losses linked to alleged fraud at the company.
"The depth and breadth of the fraud within
Petrobras is astounding. By Petrobras's own admission, the kickback
scheme infected over $80 billion of its contracts, representing
one-third of its total assets," according to the suit filed late
Thursday in New York City.
The Bill & Melinda Gates Foundation,
together with WGI Emerging Markets Fund, alleged in the suit that the
Brazilian oil firm repeatedly misrepresented its financial statements in
order to trick investors into giving money.
According to the suit, accounting giant PwC
played an important role in misleading investors by attesting to
Petrobras' financial statements.
"Equally breathtaking is that the fraud went on
for years under PwC's watch, who repeatedly endorsed the integrity of
Petrobras' internal controls and financial reports. This is a case of
institutional corruption, criminal conspiracy and a massive fraud on the
investing public," the suit read.
1 comment:
Is this the same company, (Petrobras) that George Soros and Obama with tax money invested Billions into? Can't remember for sure. Ken T.
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