CEO

Petrobras could get back 5.5 billion reais in corruption probe: CEO

Brazilian state-controlled oil company Petróleo Brasileiro SA could receive up to 5.5 billion reais ($1.6 billion) back as a result of an ongoing corruption probe, Chief Executive Officer Pedro Parente said on Friday.

Speaking at a news conference in Curitiba, he estimated Petrobras lost roughly 6 billion reais due to a kickback scheme involving major politicians and executives. The company got 204 million reais back on Friday, adding to more than 500 million reais it had already received.

(Reporting by Bruno Federowski; Editing by Chris Reese)

Categories: CEO, Petrobras

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s