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Petrobras pays $853m to end corruption probe

Petrobras pays $853m to end corruption probe
Published on: 28 September 2018
Published by: Law360
  • Petrobras pays $853m to end corruption probe
  • Petrobas settles with US Department of Justice

Article summary

Law 360, London: Brazilian state-owned oil company Petrobras said on Thursday that it will pay $853.2m in penalties to the DOJ to end a US probe into a multibillion-dollar bribery scheme by former company executives, with 20% of the settlement going to the US and the rest going to a fund in Brazil. Petrobras hasalso agreed to pay a total of $933m in disgorgement and prejudgment interest in a related SEC matter. or take a trial to read the full analysis.

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