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FCPA Blog Daily News

Entries in Petrobras (68)

Thursday
Jan042018

Petrobras pays $2.95 billion to resolve U.S. class action corruption claims

Brazil's state-controlled energy giant Petrobras signed an agreement to settle a securities class action lawsuit filed in federal court in New York that alleged shareholders lost money because of corruption at the company.

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Tuesday
Jan022018

At Keppel, it wasn't a rogue employee. It was widespread corruption

Keppel Offshore & Marine acted against 17 former or current employees for their roles in the Brazil bribery scandal the company resolved in December for $422 million.

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Friday
Nov102017

Former SBM Offshore executives admit FCPA conspiracy

Two former executives of Dutch oil services company SBM Offshore NV pleaded guilty to bribing officials at Brazil’s Petrobras and two state-owned energy firms in Africa.

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Thursday
Aug242017

Petrobras suspends compliance chief for conflict of interest

Brazil's scandal-plagued oil giant suspended its compliance chief while he defends himself against charges of hiring Deloitte on a no-bid contract while his daughter was talking to the firm about a job.

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Tuesday
Apr252017

Resource Alert: New guidance on corruption red flags in oil, gas and mining deals 

An oil and gas or mining company can avoid all kinds of reputational and legal challenges by swearing off deals with certain corruption warning signs. This month’s developments in an evolving scandal might have Royal Dutch Shell wishing it had done so.

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Thursday
Apr062017

Roberto P. Bauzá: A judge brings honor to Brazil

This week I had the pleasure and privilege of attending a public speech given by Judge Sergio Moro in Buenos Aires before an audience of local attorneys, businessmen, members of the judiciary and government officials.

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Wednesday
Mar012017

Petrobras settles U.S. civil claims for graft losses

Brazil's Petrobras has approved settlements with four U.S. investors related to an ongoing corruption investigation. 

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Wednesday
Feb152017

Mossack Fonseca founders arrested after Panama raid

The two principal partners of the law firm at the center of the Panama Papers scandal were arrested for their alleged connection to Brazil's Car Wash investigation, according to reports.

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Monday
Jan232017

Brazil Car Wash judge killed in plane crash

The Brazilian judge overseeing the politically explosive investigation into a massive bribe and kickback scandal at the state energy company died Thursday in a plane crash. 

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Thursday
Dec152016

Braskem announces $957 million ‘global settlement’ of Operation Car Wash offenses

Brazil petrochemical giant Braskem SA said Wednesday it will pay about $957 million in penalties and damages for a global settlement related to the Operation Car Wash corruption and kickback scandal.

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Tuesday
Oct042016

Braskem enters talks with feds to resolve FCPA allegations

Brazil petrochemical giant Braskem SA said Monday it has started discussions with the DOJ and SEC that could "lead to formal settlement negotiations and the resolution" of allegations that it paid bribes in exchange for supply contracts from state oil company Petrobras. 

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Friday
Sep162016

Brazil charges Lula as Petrobras graft ‘boss’

Former Brazilian president Luiz Inacio Lula da Silva was charged Wednesday with spearheading a corruption and kickback scheme tied to Petrobras contracts.

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