Samsung, One of the Largest Ship Manufacturers in the World, Compensates Petrobras 797 Million Reais for Bribes Related to Operation Car Wash

Written by Flavia Marinho

Published on 01/03/2021 at 12:34

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

Petrobras announced this morning (03/01) that it received, last week, approximately R$ 360 million (US$ 65 million) due to a leniency agreement signed by Samsung Heavy Industries, one of the largest shipbuilders in the world.

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According to the Brazilian oil company, these funds are related to the first installment of the agreement with Samsung, totaling R$ 705.9 million that will be allocated for the reimbursement of Petrobras.

These reimbursements stem from Petrobras’s status as a victim in the crimes investigated within the scope of Operation Car Wash.

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Petrobras Recovers R$ 5.3 Billion in Reimbursement of Amounts Related to Operation Car Wash, of Which R$ 797 Million Is from Samsung Shipyard

“With these amounts, Petrobras surpasses the significant mark of R$ 5.3 billion in resources recovered through collaboration agreements, leniency, and repatriations. Last year alone, for example, the company received R$ 797 million in reimbursement of amounts related to Operation Car Wash”, said the state-owned company in the statement.

The company will continue to take appropriate measures in pursuit of adequate reimbursement for the losses it has incurred.

About the Operation

Petrobras operates as a coauthor with the Federal Public Ministry and the Union in 21 ongoing administrative improbity actions, in addition to being an assistant in 76 criminal actions related to illicit acts investigated by Operation Car Wash.

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

However, the main core (Car Wash in Paraná) ceased to exist at the beginning of the month, becoming part of another crime-fighting group (Gaeco).

Samsung, One of the Largest Ship Manufacturers in the World, Compensates Petrobras 797 Million Reais for Bribes Related to Operation Car Wash

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

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Petrobras Recovers R$ 5.3 Billion in Reimbursement of Amounts Related to Operation Car Wash, of Which R$ 797 Million Is from Samsung Shipyard

About the Operation

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Samsung, One of the Largest Ship Manufacturers in the World, Compensates Petrobras 797 Million Reais for Bribes Related to Operation Car Wash

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

Also Read

Petrobras Recovers R$ 5.3 Billion in Reimbursement of Amounts Related to Operation Car Wash, of Which R$ 797 Million Is 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.

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.

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.

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.

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.

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.

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