Petrobras reveals 32 companies have been barred while corruption probes continue

Petrobras has revealed that 32 companies are barred from doing work for Brazil’s state oil giant while corruption probes continue.

The company has been at the centre of a huge bribes-for-contracts scandal that has included kickbacks for politicians at very high levels and which has implicated numerous contractor firms including several overseas.

Investigations are being conducted by Brazilian federal prosecutors, the anti-trust agency CADE and the Comptroller General of the Union (CGU), which is a branch of the federal government that assists the national president regarding the treasury and public assets and the government’s transparency policies.

The number of 32 companies barred from transacting with Petrobras came out as the firm’s head of governance, Joao Elek, revealed that one company which had been under scrutiny would now be allowed to resume dealings.

The firm in question, Queiroz Galvao Oleo e Gas, had been in the CGU’s sights but is now off the hook for lack of evidence, a CGU spokesman said.

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.


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