Samsung Shipyard, One of the World's Largest Ship Manufacturers, Compensates Petrobras $59 Million for Bribes Related to Operation Car Wash

Samsung Shipyard, One of the World’s Largest Ship Manufacturers, Compensates Petrobras $59 Million for Bribes Related to Operation Car Wash

Written by Flavia Marinho

Published on 26/03/2021 at 13:18

Updated on 26/03/2021 at 13:27

Estaleiro Samsung / Fonte: Reprodução – Via Google

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Samsung Shipyard Admitted to Justice It Paid Around US$ 20 Million (R$ 83 Million at the Time) in Bribes to a Brazilian Intermediary

Petrobras informed yesterday (03/25) that it received, last week, US$ 59.4 million due to a leniency agreement made by Samsung Heavy Industries, one of the largest ship manufacturers in the world. Looking for a job? A Leader in manufacturing machines, engines, and heavy vehicles, Caterpillar, has job openings in its factories.

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According to the Brazilian oil company, these funds refer to the second and final installment of the agreement with Samsung, totaling R$ 705.9 million that will be allocated to reimburse Petrobras.

These reimbursements arise from Petrobras’s status as a victim in the crimes investigated under Operation Lava Jato.

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Petrobras Recovers R$ 5.7 Billion in Reimbursement of Values Related to Operation Lava Jato, of Which R$ 797 Million Are from Samsung Shipyard

“With these amounts, Petrobras surpasses the significant mark of R$ 5.3 billion in resources recovered through collaboration agreements, lenience, and repatriations. Only last year, for example, the company received R$ 797 million in reimbursement of values related to Operation Lava Jato,” said the state-owned company in the statement.

The company will continue to take appropriate measures in pursuit of adequate reimbursement for the damages caused.

About the Operation

Petrobras acts as a co-author with the Federal Public Prosecutor and the Union in 21 ongoing administrative impropriety actions, in addition to being an assistant in 76 criminal actions related to unlawful acts investigated by Operation Lava Jato.

Launched in 2014, Operation Lava Jato exposed a massive corruption scheme involving public companies like Petrobras, implicating dozens of high-profile political and economic figures, leading to the imprisonment of many, including former Brazilian President Luiz Inácio Lula da Silva, who is currently on parole.

However, the main core (Lava Jato in Paraná) ceased to exist at the beginning of the month, now integrating into another crime-fighting group (Gaeco).

Samsung Shipyard, One of the World’s Largest Ship Manufacturers, Compensates Petrobras $59 Million for Bribes Related to Operation Car Wash

Samsung Shipyard Admitted to Justice It Paid Around US$ 20 Million (R$ 83 Million at the Time) in Bribes to a Brazilian Intermediary

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Petrobras Recovers R$ 5.7 Billion in Reimbursement of Values Related to Operation Lava Jato, of Which R$ 797 Million Are from Samsung Shipyard

About the Operation

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Samsung Shipyard, One of the World’s Largest Ship Manufacturers, Compensates Petrobras $59 Million for Bribes Related to Operation Car Wash

Samsung Shipyard Admitted to Justice It Paid Around US$ 20 Million (R$ 83 Million at the Time) in Bribes to a Brazilian Intermediary

Law Too

Petrobras Recovers R$ 5.7 Billion in Reimbursement of Values Related to Operation Lava Jato, of Which R$ 797 Million Are from Samsung Shipyard

About the Operation

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Spain installs two giant pipelines 2.2 km off the coast to draw water from the Mediterranean and supply a megafacility capable of producing 200 million liters of drinking water per day.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

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