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Brazil, White-Collar Crime and Petrobras
19 September 2017 00:00
MLex London Managing Editor Ana Rita Rego is joined by Martin Coyle and Ben Lucas in London, and Rodrigo Russo in São Paulo, to discuss the latest developments in the large-scale investigation into Petrobras, known as Operation Lava Jato. Listen to MLex's bribery and corruption team discuss the implications for multinational companies that have been named in Brazilian prosecutors' documents.
Brazilian authorities have implicated Anglo-Swiss company Glencore in their far-reaching corruption probe related to state-controlled Petróleo Brasileiro, or Petrobras. Court documents seen by MLex show that retail trader and broker of marine fuels Ocean Connect Marine — wholly owned by Glencore — made 121 payments to an offshore company controlled by two Greek citizens who acted as intermediaries in negotiations with Petrobras officials.
Greek shipping companies Aegean Group and Tsakos Group have been dragged into the Brazilian corruption scandal involving the country's state-controlled oil company, Petróleo Brasileiro, or Petrobras.