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Paulo Roberto Costa News

23 Aug 2020

Ex-Maersk Executive Charged in Petrobras Corruption Scheme

© Oleksandr / Adobe Stock

Brazilian prosecutors pressed charges on Friday against two people for an alleged scheme to obtain confidential market information from Petrobras to benefit A.P. Moller-Maersk, the world's largest shipping company.The case stems from an investigation that started in 2014 as part of Brazil's sprawling Car Wash scandal, which has since included suppliers like Maersk and uncovered corruption throughout multiple countries in more than 70 police operations.A statement released by prosecutors on Friday said a former Maersk executive in Brazil…

26 May 2015

Former Petrobras Exec Sentenced to 5 Years Jail

A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday, the second company executive convicted in an ongoing corruption probe. Federal Judge Sergio Moro said there was ample evidence to support charges by prosecutors that the former director, Nestor Cervero, used bribe money stolen from the company to buy a luxury apartment in Rio de Janeiro. Cervero was fired from Petrobras, as the company is known, in 2014 and arrested in January as he stepped off a plane from Europe. He is also suspected of receiving bribes in exchange for awarding drilling ship contracts.

13 Dec 2014

Petrobras' Condensed Report for 3Q, 2014

iii) Knowledge by Petrobras, the December 3, 2014, the statements given in the context of the collaboration agreement awarded Mr. Julio Gerin de Almeida Camargo (Toyo Group) and Mr. iv) Citation Petrobras, the December 9, 2014, relating to collective action (class action) filed by Mr. Peter Kaltman court in the US (United States District Court, Southern District of New York). We believe that other actions possibly be consolidated with the action of Mr. v) Filing by the Federal Public Ministry, the December 11, 2014, criminal proceedings against various people, including the former director Paulo Roberto Costa Petrobras and other business managers for passive corruption, bribery, organization criminal, money laundering and use of false documents.

11 Apr 2014

Petrobras HQ Raided by Brazil Police

Petrobras headquarters (Photograph: Bloomberg/ Getty)

Brazil's Federal Police raided the headquarters of state-run oil company Petroleo Brasileiro SA in Rio de Janeiro as part of a money-laundering probe, two sources with direct knowledge of the operation told Reuters on Friday. However, they did not confirm if Petrobras was one of the locations raided. Portuguese for "Operation Car Wash," Operação Lava Jato has already resulted in the arrest of at least one former executive at Petrobras, as the company is known. Petrobras officials were not immediately available for comment.