Brazil's state-run oil company Petrobras former president Maria das Gracas Silva Foster reacts during a session of a parliamentary commission investigating allegations of corruption in Petrobras, at the Chamber of Deputies in Brasilia March 26, 2015. REUTERS/Ueslei Marcelino
SAO PAULO (Reuters) - Brazil's securities regulator formally accused eight former executives of state-run oil company Petroleo Brasileiro SA of corruption on Friday, as the world's largest graft investigation stretches deep into its third year.
According to a legal filing by the CVM, Brazil's equivalent to the U.S. Securities and Exchange Commission, the accusations relate to possible irregularities in the contracting process for three drill ships. The accusations stem from an investigation started in March 2016, and include two former CEOs of Petrobras, as the company is commonly known.
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