Brazilian Prosecutor Links Trading Giants to Petrobras Corruption Scandal

brazilIllustration. Image Courtesy: Pixabay under CC0 Creative Commons license

Office of Brazil’s Attorney General said on Wednesday that commodity trading giants like Trafigura, Vitol and Glencore are suspected of paying millions of dollars in bribes to Petrobras employees in return for cheaper prices of oil and derivatives.

The investigation into the suspected activities is part of the 57th phase of the Car Wash (Lava Jato) operation, which uncovered one of the biggest corruption cases in the recent history of Brazil involving its state oil company Petrobras.

The prosecutors allege that at least USD 31 million was paid in bribes to Petrobras employees between 2009 and 2014 by trading companies in return for deal rigging.

The three companies are suspected of paying USD 15.3 million in the suspected collusion, led by Petrobras offices in Houston, Texas, USA and Rio de Jeneiro. Names of other suspects were not disclosed, however, the Attorney General’s office said they were engaged in trading of fuel oil inteded for power plants, bunker fuel, asphalt and vacuum gas oil.

World Maritime News Staff

 

Share this article

Follow World Maritime News

In Depth>

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

The Smart Ship Exchange

The Exchange will look at the issues involved with increasing autonomy in shipping with an introduction to the concept…

read more >

3rd MarSat Workshop

The MARSAT project wants to operationalise and standardise EO products and aims to develop…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >

OEE Conference & Exhibition 2019

OEE2019 is organised by Ocean Energy Europe, the industry association representing ocean energy in Europe.

read more >