HALISTER1: Former Trafigura Executive Officially Charged in Petrobras Probe

Former Trafigura Executive Officially Charged in Petrobras Probe

(Bloomberg) -- Federal prosecutors in Brazil are officially charging former Trafigura executive Mariano Marcondes Ferraz for corruption and money laundering as part of Petrobras Carwash probe.
  • Charges from Wednesday officially announced via statement on prosecutors website
  • Prosecutors allege Ferraz accepted bribes worth $868,450 to ex-Petrobras director Paulo Roberto Costa
  • Ferraz’s attorney did not immediately respond to calls for comment
  • Bribes related to renewing contracts between Decal do Brasil and Petrobras
  • Ferraz was founding partner of Decal do Brasil
  • Trafigura says it was “not party to the contract between Petrobras and Decal do Brasil and does not have a business relationship with Decal do Brasil.”
  • Ferraz resigned after initially arrested
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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PETR4 BZ (Petroleo Brasileiro SA)

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Paulo Costa (Petroleo Brasileiro SA)

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