Petrobras Collaborates with New Phase of Lava Jato Operation

Source: www.gulfoilandgas.com 9/11/2020, Location: South America

Petrobras informs that yesterday, the 74th phase of Lava Jato operation (Car Wash) was launched, in which the Federal Prosecutors and the Federal Police are investigating possible wrongdoing in connection with exchange contracts signed with Banco Paulista, as well as alleged improper payments to three Company employees, between 2008 and 2011. The estimated amount of the damage caused to Petrobras due to the alleged wrongdoing is US$ 18 million.

The Company is actively cooperating with the authorities in the investigation and providing assistance in the production of evidence that resulted in this operation.

Petrobras reaffirms and reinforces its commitment against corruption.

The Company is a victim of the crimes uncovered by Operation Car Wash, and is recognized as such by the Federal Public Ministry and the Supreme Court. Petrobras has collaborated with the investigations since 2014, and acts as co-plaintiff in 18 ongoing administrative improbity actions filed by the Federal Public Prosecutor's Office and the Federal Government, in addition to being an assistant prosecutor in 71 criminal actions related to illegal acts investigated by Car Wash Operation.

Over the past few years, Petrobras has continued to implement a number of governance and compliance measures.


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