UPDATE 2-Brazilian prosecutors charge ex-Trafigura oil executives with graft [Reuters]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
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Source: Reuters
Brazilian prosecutors charge ex-Trafigura oil executives with graft | Reuters 5 Min Read SAO PAULO (Reuters) - Brazilian prosecutors on Friday charged two former executives of oil trader Trafigura [TRAFGF.UL] over allegations of paying at least $1.5 million in bribes to employees of state-run oil company Petroleo Brasileiro. Prosecutors said in a statement that the charges against Mariano Marcondes Ferraz, a former Trafigura top executive, and Marcio Pinto Magalhaes, a country representative, were the first of many to come against the world’s largest oil traders. Last week, Brazilian investigators arrested eight men linked to the larger investigation of the oil traders, opening a new phase of the Car Wash probe that has brought down presidents, seen charges filed against a large swath of Brazil’s political class, sent scores of once untouchable businessmen to jail and drastically changed the political landscape of the South American country. Lawyers for Ferraz and Magalhaes did not im
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