Petrobras receives huge corruption settlement


SAO PAULO: Brazilian state-run oil company Petrobras said that it had received 232.6 million reais (US$44.65mil) yesterday in a settlement with Swiss energy trading firm Vitol, which was implicated in a sprawling national corruption probe.

Petroleo Brasileiro SA, as Petrobras is formally known, said in a securities filing that the settlement was brokered as part of a leniency deal between Vitol and federal prosecutors.

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