Lava Jato and Zelotes: companies under investigation represent 14% of GDP.
A survey conducted by the newspaper O Estado de S. Paulo indicates that the 32 companies with publicly traded shares involved in one of the two Federal Police investigations, or with public inquiries in the operations, have a combined revenue of approximately R$ 760 billion.
247 – The companies officially involved in one of the main operations currently being carried out by the Federal Police in Brazil, Lava Jato and Zelotes, together represent 14% of the GDP, according to a survey conducted by the newspaper O Estado de S. Paulo. The revenues of the 32 companies total approximately R$ 760 billion.
A report by Fernando Scheller and Monica Scaramuzzo on the research presents analysts' opinions on the figures and the impact these investigations may have on the Brazilian economy.
"It's not an insignificant number. If you consider the indirect impact on the country's oil and heavy construction industry, the damage is shocking, of immeasurable proportions," analyzes economist José Roberto Mendonça de Barros, partner at MB Associados. "The question that remains is: what will the impacts be for the country, looking ahead?" he asks.
The text also highlights how devastating these effects were for the companies themselves – many went bankrupt, had to sell assets, and others entered bankruptcy protection, not to mention the thousands of layoffs.
Read here The full text.