HALISTER1: Brazil Police Arrests Trafigura Official Amid Corruption Probe

Brazil Police Arrests Trafigura Official Amid Corruption Probe

(Bloomberg) -- Federal Police detained executive Mariano Marcondes Ferraz today at Brazil’s Guarulhos airport, according to an e-mailed statement from court that issued arrest warrant.
  • Federal judge Sergio Moro said there are signs of corruption and money laundering in contracts signed with state-owned Petrobras between 2011 and 2013
    • Unlawful payments totaled at least $800,000
  • Trafigura’s press office said in an e-mailed response to questions that co. has seen the media reports and is urgently seeking more info
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
PETR4 BZ (Petroleo Brasileiro SA)

People
Sergio Moro (Federative Republic of Brazil)
Mariano Ferraz (Trafigura Beheer BV)

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