From Reuters, Dec. 18:
Brazil probe into Petrobras widened to Maersk shipping contracts
Brazilian authorities on Wednesday targeted Maersk and other companies for allegedly paying bribes to get an edge in securing shipping contracts with state oil firm Petroleo Brasileiro SA, in the latest phase of a sprawling graft probe.HT:Financial Crime and Corruption Education
Federal prosecutors said in a statement that Denmark’s A.P. Moller-Maersk, the world’s largest shipping company, was involved in allegedly paying $3.4 million in bribes related to 11 shipping contracts with Petrobras, worth 592 million reais ($141.07 million).
Maersk confirmed in a statement that its offices in Rio de Janeiro and Sao Paulo were searched by Brazilian police, adding that it would co-operate fully with authorities. Petrobras said it continues to work with authorities, adding the company itself is a victim of corruption....MUCH MORE
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