A former U.S.-based oil trader sought in Brazil over a multimillion-dollar bribery scheme involving commodities traders Vitol, Glencore and Trafigura has agreed to plead guilty to conspiracy to commit money-laundering in the United States, court records show.
The plea is part of a cooperation agreement by a key figure in Brazil’s “Car Wash” probe into corruption at state-run oil company Petroleo Brasileiro SA, according to people familiar with the matter. That scandal has toppled presidents in two countries and sent more than 130 politicians and businessmen to jail across Latin America.
Rodrigo Garcia Berkowitz, who worked as a trader for Petrobras in Houston until last year, waived an indictment and offered to plead guilty to the charge, according to documents filed in U.S. District Court in Brooklyn. The court accepted the request and set sentencing for Sept. 13.
The full original article can be found at Reuters.