Photographer: Nadia Sussman/Bloomberg

The One Brazilian Scandal Almost No One Is Talking About

  • Internal Eletrobras probe has swelled to 3 projects, 10 units
  • KPMG refused to sign U.S. report until utility finishes review

In the shadow of Brazil’s once-mighty oil giant, another state-run behemoth is trying to get ahead of the nation’s biggest-ever corruption scandal to avoid the fallout that has already crippled more than a dozen companies.

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