Summary Corruption scandal is shaking company and ruling Workers' Party.
RIO DE JANEIRO (AFP) - The chief executive of Brazil s state oil giant Petrobras said Wednesday that she will not resign, despite the corruption scandal shaking the company and the ruling Workers Party.
Saying she had President Dilma Rousseff s "trust," Graca Foster said the kickbacks scandal would make Brazil s top company better, and outlined a plan to reverse its sinking fortunes, saying the firm would invest less and save more in 2015.
Foster said she had spoken several times with Rousseff about resigning, but that she and her board of directors would remain after the leftist leader gave her vote of confidence.
"I m here today as the president of Petrobras, for as long as I have the president s trust and she believes I should stay," Foster told a press conference.
"We re sitting here because we believe in this project."
She said she and the rest of the company s directors would be investigated as part of an independent audit ordered after a corrupt network laundered an estimated $3.8 billion of company money, much of it allegedly going to politicians in Rousseff s Workers Party.
