Brazil’s Petrobras Recovers R$204 Million from Lava Jato

The company's CEO hopes to obtain a total of R$5.5 billion back from kickbacks and bribes taken by former company executives.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The oil giant of Brazil, Petrobras, received R$204 million in recovered funds from the Operação Lava Jato (Car Wash Operation) corruption investigations on Friday, November 18th, but the company’s CEO, Pedro Parente, hopes to obtain R$5.5 billion in restoration due to kickbacks and bribes taken by former company executives.

“Petrobras is taking all the necessary measures to be fully compensated for the damages it suffered, including with respect to its reputation,” said CEO Pedro Parente during press conference. “The value of this gesture today is . . .

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