UK Universities Superannuation Scheme: The investors, which also include the retirement funds of state workers in Ohio, Idaho and Hawaii, claim in court filings that Petrobras was rotten to the core . The scandal, which has been dubbed operation carwash because huge amounts of money were allegedly laundered through a money exchange in a nondescript gas station in the Brazilian capital, has already led to the indictment of more than 40 Brazilian executives allegedly involved in the bribery scheme dating back to 2006, according to The Guardian. Corruption allegedly spread from the boardroom to politics, with Brazilians taking to the streets earlier this year to call for the impeachment of President Dilma Rousseff. Investors, led by the UK Universities Superannuation Scheme, which manages the pension funds of British academics, claim they lost billions as a result of the huge money laundering and corruption scheme. She was chairwoman of Petrobras board between 2003 and 2010, when most of the alleged corruption took place. The Brazilian government owns the majority of Petrobras’ shares, and controls the company with seven of 10 seats on the board. Rousseff has denied any knowledge of the scheme and no evidence has linked her to the corruption.
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