You are here: Home » PTI Stories » National » News
Business Standard

Petrobras gets USD 200 million in recovered corruption funds

AFP  |  Curitiba (Brazil) 

Brazil's state company Petrobras today received some USD 200 million in recovered funds from the giant "Car Wash" anti-corruption crackdown.

The restitution of 654 million reais was announced by the troubled major in Curitiba, where the anti-graft investigation is headquartered.

The latest payment means that Petrobras has now recovered 1.48 billion reais (USD 470 million) as a result of the probe.

Petrobras is at the center of "Car Wash," which starting in 2014 uncovered systemic embezzlement and bribery involving a network of politicians and company executives. Some of Brazil's biggest business figures and politicians have since been arrested or investigated.

"Petrobras has been cooperating with prosecutors, the federal police, the federal authorities, and with the other competent authorities since the start of the investigation, while improving its mechanisms for control and decision making," Petrobras said.

Petrobras said it had been "recognized as a victim" and that "judicial measures will continue to be taken against companies and persons, including former employees and politicians, who damaged its finances and image.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 07 2017. 21:10 IST