Brazil: Brazil prosecutors sue Trafigura over irregular Petrobras contracts- statement

Brazilian federal prosecutors have filed a lawsuit seeking damages from oil trading company Trafigura and former executives on corruption allegations involving Brazilian state-run oil company Petroleo Brasileiro SA (Petrobras), according to a statement on Monday.

The prosecutors are also seeking a court order to freeze 1 billion reais ($187.55 million) of the defendants’ assets pending a final ruling on the matter.

The allegations center around 31 fuel oil purchases and sale transactions carried out between May 2012 and October 2013. In Brazil, prosecutors can only press criminal charges against individuals, and companies are only subject to administrative sanctions, which can include fines.

In an emailed message to Reuters, Trafigura did not comment on the lawsuit specifically. Instead, it referred to a September 2019 statement, where it said it has a zero-tolerance policy on bribery and corruption.

The original full article can be found at reuters.com

(Photo: Denis Balibouse/Reuters)

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