Tagged: SEC and DOJ FCPA Brazil settlement

Petrobas Closes Out “Massive” Corruption Investigations and Litigation

Petrobas Closes Out “Massive” Corruption Investigations and Litigation

When it comes to a poster-child for corrupt organizations, there is very little competition that can eclipse Petrobas, the Brazilian state-owned oil and gas company.  Petrobas has long suffered under a stigma of corruption, and as outlined in its recent settlement actions, the title was well deserved. Petrobas’ corruption was firmly coordinated and entrenched with Brazil’s political corruption.  The pervasive nature of Brazil’s political and...