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The Federal Police is investigating the purchase of a biodiesel plant in Feira de Santana (BA) by Petrobras as part of the Lava Jato operation. According to information from the G1, Petrobras Biocombustível (PBio), one of its subsidiaries, acquired 50% stake in Bioóleo Industrial e Comercial SA The company is specialized in the processing of castor oil and other cereals for the production of Biodiesel [19659002] The oil company reportedly spent about 18.5 million reais in the financial transaction, carried out in August 2010. The loss caused by the purchase was $ 5.3 million.
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Petrobras Biofuel was commissioned by the current Minister of Labor and Social Security, Miguel Rossetto, at the moment the case was concluded. The case is already compared to the acquisition of the Pasadena Refinery in Texas, a company that is under investigation by the Federal Prosecutor's Office and the Federal Court of Accounts for hint of overbilling.
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