Brazil: Petrobras receives $45 million in Vitol corruption settlement

Brazilian state-run oil company Petrobras said that it had received 232.6 million reais ($44.65 million) on Tuesday in a settlement with Swiss energy trading firm Vitol, which was implicated in a sprawling national corruption probe.

Petroleo Brasileiro SA, as Petrobras is formally known, said in a securities filing that the settlement was brokered as part of a leniency deal between Vitol and federal prosecutors.

The wide-ranging probe, known as Operation Car Wash, uncovered companies paying bribes for Petrobras contracts and has implicated hundreds of business and government officials.

The full original article can be found at in.reuters.com

(Picture: REUTERS/Denis Balibouse/File Photo)

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