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Montevideo, October 28th 2020 - 08:22 UTC

 

 

More investigations into Petrobras corruption, this time involving bunker fuel contracts

Friday, October 9th 2020 - 09:49 UTC
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The long-running probe looks into Petrobras’ dealings with some of the world’s largest commodity trading firms - including Vitol, Glencore, and Trafigura The long-running probe looks into Petrobras’ dealings with some of the world’s largest commodity trading firms - including Vitol, Glencore, and Trafigura

Brazilian police expanded the Car Wash corruption investigation to alleged kickbacks valued at US$ 8 million on contracts for bunker fuel bought by state-run oil company Petrobras for its fleet of tankers.

A police statement said searches were carried out in Rio de Janeiro as part of the investigation, which is targeting unnamed Petrobras officials for their role in the transactions, which were allegedly carried out between 2009 and 2018.

The head of Brazil’s “Car Wash” prosecution unit, Alessandro Oliveira, said authorities were looking into transactions in Brazil and Singapore.

The statement indicates that a long-running probe into Petrobras’ dealings with some of the world’s largest commodity trading firms - including Vitol, Glencore, and Trafigura - is expanding geographically. Until now, the probe has been largely focused on Petrobras’ Houston operations.

In a statement, Petrobras said it is the victim of corruption, rather than its perpetrator, and that it has helped authorities with dozens of criminal investigations, as well as 21 administrative probes.

The Car Wash probe, Lava Jato, began in 2014 with the arrest of a currency dealer and mushroomed into Brazil’s biggest ever graft scandal, mainly involving Petrobras contracts in which some 200 businessmen, officials and politicians have been convicted.

In the latest statement, prosecutors said there were indications Petrobras employees arranged a system with corrupt traders so that sweetheart contracts would be awarded on a rotating basis. They said they were investigating executives of trading companies.

Categories: Energy & Oil, Politics, Brazil.

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