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Xinhua News Agency


  Home > Xinhua News Agency


Petrobras recovers another 654 mln reals through anti-corruption drive


 


 December 8th, 2017  |  11:18 AM  |   539 views

RIO DE JANEIRO

 

Brazil's state-controlled oil and gas giant Petrobras reported on Thursday that it recovered another 654 million reals (198.8 million U.S. dollars) through Operation Car Wash, the country's biggest ever corruption probe.

 

According to the company, the money was received through cooperation agreements with individuals and legal entities within the scope of the Car Wash Operation, which investigates a large scheme of graft and embezzlement related to the company.

 

It was the largest sum of money returned to a company thanks to police investigation. With it, Petrobras has recovered 1.476 billion reals (450 million U.S. dollars) since the beginning of Operation Car Wash.

 

"The company, which is recognized by the authorities as a victim of the acts unraveled by the Operation, will continue to adopt legal measures against companies and individuals, including former employees and politicians, who have caused financial and image damage to the company," Petrobras said in a statement.

 


 

Source:
courtesy of XINHUA NEWS AGENCY

by Xinhua News

 

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