Petrobras pays $682M in Brazil as part of 2018 bribery settlement

 

Brazilian oil major Petrobras has said it has paid $682.6 million as part of the non-prosecution settlements entered into last year with the U.S. and Brazilian authorities over the investigation into violations of the Foreign Corrupt Practices Act (FCPA).

Petrobras has this week said that it paid “the Commitment Assumption Agreement (“Agreement “), made with the Federal Public Prosecutor’s Office (” MPF “) and judicially approved on January 25, 2019, in the amount of US$ 682.6 million, corresponding to 80% of the value of the resolution reached with the Department of Justice (” DoJ “) and the Securities & Exchange Commission (” SEC “) in the United States.”

Continue reading

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.