The Brazilian Car Wash Scandal: Analyzing the Impact of Corruption on the Economy and Citizens

Facts of the Brazilian 'Car Wash' Scandal

Richard Girgenti (2018), the leader of KPMG LLP’s Forensic Advisory Services, said that Brazil is experiencing the worst recession in decades due in large part to corruption and the political and economic uncertainty that it has generated. Brazil’s economy, its financial markets, and citizens, are suffering because of corruption scandals that have led to prosecutions of many political and business leaders, as the problem is widespread and of long duration (GAN Integrity Inc., 2018).

1.Analyse the Brazilian “car wash” scandal and identify the facts of the case;

2.Explain the consequences for the perpetrators in terms of fines and prison sentences, and their country and its citizens in terms of recession, growth, employment;

3.Explain the causes in terms of law enforcement, personal and professional ethics, and weak governance in politics and business;

4.Make practical application of the lessons you have learned from this case to your career and appreciation for the interplay of ethics, corporate governance and law.

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Demonstrating a thorough understanding of the issues surrounding the scenario.

Critical evaluation evident in development of team view points and conclusions on actions to be taken

Relevant reference made to codes, laws, international standards, business or/and legal precedents.

Appropriate synthesis of ethical, legally grounded, and professional conclusions.

Professional, and academic sources fully referenced in Harvard style.

Presentation Quality: was it professional?