Financial Crime Financial Crime

Petrobras currency deals carried out by Banco Paulista probed under Brazil's Operation Car Wash

By Caio Rinaldi
  • 10 Sep 2020 15:15
  • 10 Sep 2020 15:27
Three former Petrobras employees in the company’s currency exchange department and three former executives at Banco Paulista are among the targets of an investigation by the long-standing Car Wash probe into a scheme that diverted an estimated $18 million. The scheme consisted of Banco Paulista charging overpriced fees in Petrobras' currency deals.

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