Some Brazilians worry that the biggest corruption scandal in their nation’s history will end in what is known in their country as a pizza party, meaning the accused will find a way to get away with it. While their fate remains to be seen, both the economy and society have been rattled.
Here are some overlooked ways in which Operation Carwash — the probe into bribery and corruption that began with state-run oil company Petrobras only to extend its tentacles much farther — is affecting what was once a developing-world darling.
1. Executive unease
As the investigation expanded, implicated executives were carted off to jail cells and, from that lowly vantage point, saw their names splashed across the broadsheets. That’s taken a toll; among executives surveyed in March, more than a quarter cited loss of credibility among their greatest fears.
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