- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Brazil-based petrochemical giant Braskem disclosed yesterday that it will pay a total amount of approximately US$957 million in penalties and damages to resolve a global settlement related to the massive corruption probe surrounding state-owned oil company Petrobras. Jaclyn Jaeger has more.
THIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.
News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
Brazil-based petrochemical giant Braskem has reached a $10 million proposed settlement with U.S. investors for concealing its role in a bribery scheme involving state-owned oil company Petrobras.
Brazil’s massive anti-corruption efforts are having a global impact, but self-serving politicians threaten to grind the entire thing to a halt. Jaclyn Jaeger reports.
Singapore-based commodity trading company Trafigura will pay $55 million to the Commodity Futures Trading Commission to settle charges related to fraud, manipulation, and impeding whistleblower communications with the agency.
