$1.8 Billion Settlement

Petrobras, the Brazilian oil giant at the center of a giant political corruption scandal, reached a <a href="http://www.courthousenews.com/wp-content/uploads/2018/09/Petrobras.pdf"><strong>$1.8 billion</strong></a> settlement Wednesday to resolve bribery and bid-rigging allegations from the Securities and Exchange Commission.

WASHINGTON — Petrobras, the Brazilian oil giant at the center of a giant political corruption scandal, reached a $1.8 billion settlement Wednesday to resolve bribery and bid-rigging allegations from the Securities and Exchange Commission.

The settlement stems from a U.S. inquiry into Petrobras’s alleged role in facilitating payments to politicians and political parties in Brazil, as well as a related Brazilian investigation.

Categories / Government, International, Securities

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