Brazil's Car Wash corruption probe eyes Petrobras bunker fuel deals
Brazilian police on Wednesday expanded the Car Wash corruption investigation to alleged kickbacks valued at $8 million on contracts for bunker fuel bought by state-run oil company Petroleo Brasileiro SA for its fleet of tankers.
A police statement said searches were carried out in Rio de
Janeiro as part of the investigation, which is targeting unnamed Petrobras
officials for their role in the transactions, which were allegedly carried out
between 2009 and 2018.
The head of Brazil's "Car Wash" prosecution unit,
Alessandro Oliveira, said authorities were looking into transactions in Brazil
and Singapore.
The statement indicates that a long-running probe into
Petrobras' dealings with some of the world's largest commodity trading firms -
including Vitol, Glencore, and Trafigura - is expanding geographically. Until
now, the probe has been largely focused on Petrobras' Houston operations.
In a statement to Reuters, Petrobras said it is the victim
of corruption, rather than its perpetrator, and that it has assisted
authorities with dozens of criminal investigations, as well as 21 administrative
probes.
The Car Wash probe, known in Portuguese as Lava Jato, began
in 2014 with the arrest of a currency dealer and mushroomed into Brazil's
biggest ever graft scandal, mainly involving Petrobras contracts in which some
200 businessmen, officials and politicians have been convicted.
In the Wednesday statement, prosecutors said there were
indications Petrobras employees arranged a system with corrupt traders so that
sweetheart contracts would be awarded on a rotating basis. They said they were
investigating executives of trading companies.
In 2019, Reuters reported that Petrobras detected suspicious
transactions in its Singapore trading division as early as 2012 but failed to
stop them.
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