RIO DE JANEIRO, BRAZIL - The Bank of Norway announced yesterday, December 3rd, that it has removed Petrobras from the list of companies under scrutiny. The company was included in the list in January 2016, after the corruption cases uncovered during the operation Lava Jato's investigations.
The bank followed the recommendation of the Ethics Council of the Norwegian Sovereign Fund, which recognized the measures implemented by Petrobras in the fight against corruption. With the removal from the list, Petrobras is once again eligible to benefit from investments from the Norwegian fund.
In its recommendation to the bank, the Ethics Council . . .