Brazil prosecutors sue Trafigura over irregular Petrobras contracts: statement
- Editor
- Dec 1, 2020
- 1 min read
Summary: Brazilian federal prosecutors filed a civil lawsuit against Trafigura and former executives over alleged corruption in fuel oil trades with Petrobras between 2012 and 2013. The suit accuses Trafigura of paying nearly 7 million reais in bribes to Petrobras employees, generating nearly 200 million reais in illegal profits. Prosecutors are seeking to freeze assets worth 1 billion reais (~$188 million) and to impose administrative sanctions. This case marks the first legal action against a trading firm, rather than individuals, within the Petrobras corruption investigations. Trafigura declined to comment specifically on the case but reiterated its zero-tolerance stance on corruption. The lawsuit targets several Trafigura entities, including its Brazilian and international subsidiaries, and is part of the broader “Car Wash” anti-corruption probe that has rocked Brazil since 2014.
Source: Reuters
