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Petrobras completes obligations under agreement with US Department of Justice

Brazilian state-controlled oil company Petróleo Brasileiro SA, known as Petrobras, said last week it has completed improvements to its compliance program, meeting the requirements of a 2018 three-year US Justice Department non-prosecution agreement related to a bribes-for-inflated-contracts corruption scheme stemming from 2014. A Brazilian investigation at that time found that a number of construction companies …

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Brazilian state-controlled oil company Petróleo Brasileiro SA, known as Petrobras, said last week it has completed improvements to its compliance program, meeting the requirements of a 2018 three-year US Justice Department non-prosecution agreement related to a bribes-for-inflated-contracts corruption scheme stemming from 2014. A Brazilian investigation at that time found that a number of construction companies …

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