Exclusive-JPMorgan faces oil bribery probe in Brazil - News Summed Up

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Exclusive-JPMorgan faces oil bribery probe in Brazil


The court documents viewed by Reuters include witness testimony from a former Petrobras fuel trader named Rodrigo Berkowitz. He has previously confirmed that his client is cooperating with U.S. and Brazilian authorities investigating the commodity trading industry. Vitol admitted wrongdoing as part of a 2020 settlement with U.S. and Brazilian authorities and has said that is pleased the matter has been resolved. The documents also included internal Petrobras files and testimony from a former Petrobras fuel trader. Among the matters Brazilian authorities are trying to determine is the timeline of the alleged JPMorgan bribery operation.


Source: MetroXpress September 22, 2021 11:41 UTC



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