The U.S. Department of Justice is investigating possible corruption in contracts among Brazilian petrochemical company Braskem, engineering conglomerate Odebrecht and the country’s state-run oil company Petrobras, a newspaper said on Tuesday.
Local daily Valor Economico said the Justice Department was focusing its investigation on whether the companies violated the Foreign Corrupt Practices Act in naphtha supply contracts since 2009 between Petrobras and Braskem, which has Odebrecht as a controlling shareholder.
Braskem has been the target of a shareholder suit filed in mid-2015 in the United States over the alleged release of false statements to shareholders.
Braskem on Tuesday said that its lawyers abroad were sharing information with the DOJ and the Securities and Exchange Commission about an internal investigation it opened last year.
Brazil Energy Insight 
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