Petrobras recovers USD197 million from car wash operation

Petrobras recovers USD197 million from car wash operation

Brazil’s national oil company, Petrobras said it has received the return of about R$ 654 million through cooperation agreements concluded with individuals and legal entities within the scope of the Car Wash Operation.

With this return, the total amount of resources transferred to Petrobras since the beginning of the Operation has reached the amount of R$ 1.476 billion.

Petrobras has been working in partnership with the Federal Prosecutors Office, the Brazilian Federal Police, Federal Revenue Services and other competent authorities since the beginning of investigations, while it has improved its control and decision-making mechanisms.

The company, which is recognized by the authorities as a victim of the acts unravelled 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 it acted as a co-author with the Federal Prosecutors Office and the Federal Government in 13 administrative improbity lawsuits in progress, in addition to being an accusation assistant in 43 criminal lawsuits.