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

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