Violation Tracker Individual Record

Company: 
Petroleo Brasileiro S.A. (Petrobras)
Current Parent Company: 
Petrobras
Penalty: 
$170,640,000
Year: 
2018
Date: 
September 27, 2018
Primary Offense: 
Foreign Corrupt Practices Act
Violation Description: 

Petrobras, a Brazilian state-owned and state-controlled energy company, entered into an agreement with U.S. and Brazilian authorities to pay $853.2 million in penalties to resolve the U.S. government's investigation into violations of the Foreign Corrupt Practices Act relating to payments to politicians and political parties in Brazil. The Justice Department and the Securities and Exchange Commission were to receive 20 percent of the total, with the rest going to Brazilian authorities.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Criminal Division
Civil or Criminal Case: 
criminal
Prosecution Agreement: 
non-prosecution agreement
HQ Country of Parent: 
Brazil
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
oil and gas
Specific Industry of Parent: 
petroleum
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.