No menu items!

Brazil Prosecutors Sue Maersk, Seek to Freeze US$200 Million

RIO DE JANEIRO, BRAZIL - Federal prosecutors in Brazil filed a civil lawsuit against Danish shipping company Maersk and former executives representing the firm, alleging corruption involving shipping contracts with state-run oil firm Petrobras, they said on Friday, December 11th.

The lawsuit requests that a judge freeze almost R$1 billion (US$198 million) in assets in order to make sure funds are available to pay for damages resulting from the alleged scheme.

Prosecutors said there was evidence of bribe payments to Petrobras employees in exchange for privileged information that allowed Maersk to secure shipping contracts between 2006 and 2014 . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Check out our other content