Brazil: Hygo trading halted as CEO named in Brazil corruption probe

Debut trading in Hygo Energy Transition Ltd was suspended on Thursday hours after the liquefied natural gas transport and infrastructure operator’s chief executive was named in a corruption investigation in Brazil.

Hygo is headed by Eduardo Antonello, a former executive of offshore oil rig company Seadrill Ltd who Brazilian federal prosecutors accused of bribery in court filings outlining a new phase of the massive Car Wash graft probe.

A representative for Antonello, who is now based in London, said the search warrants were executed on the basis of “false” plea bargain testimony. The representative criticized Brazilian authorities for allegedly impugning the professional reputations of people being investigated before all the facts were known.

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