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RIO DE JANEIRO, BRAZIL - Brazil’s federal police were serving 25 search warrants as part of an investigation regarding foreign-exchange transactions done by oil company Petrobras between 2008 and 2011, according to a statement from federal prosecutors on Thursday, September 10th.

The raids are part of the 74th phase of Brazil’s Lava Jato (Car Wash) probe, the country’s largest-ever corruption investigation. No arrest warrants were issued.

Petrobras, said in a statement it is conducting internal investigations. It also said it “actively collaborated with the authorities in the probe and provided information that resulted in [today’s . . .

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