September 27, 2018

Petróleo Brasileiro S.A.

Foreign Corrupt Practices Act

SANCTION AMOUNT: $1,786,673,797

Defendants: Petróleo Brasileiro S.A.

Respondent was found to have filed false financial statements, including in a $10 billion stock offering to U.S. investors completed in 2010, that concealed a massive bribery and bid-rigging scheme at the company involving its senior executives and largest contractors and suppliers.

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