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Petrobras terminates a three-and-a-half-year ban on one of its main operators of offshore platforms while the oil producer controlled by Brazil seeks to overcome a massive corruption scandal.
The offshore drilling unit of Odebrecht, Ocyan has full authorization to compete for Petrobras' contracts, while its construction unit Odebrecht Engenharia e Construcao has yet to complete due diligence, Petrobras said in a statement Friday.
Odebrecht's perpetual bonds rose 2.6% to 38.9 cents, which led the Brazilian corporate bonds.
Odebrecht had been stuck with new Petrobras contracts since December 2014, when investigators were carrying out the so-called investigation "Lava Jato" which resulted in the arrest of senior executives of the company and billions of dollars in fines.
At that time, more than 30 companies were suspended with Odebrecht, and 14 of them are still blocked, Petrobras announced, officially known as Brazilian Petroleum.
To allow the lifting of the ban, Odebrecht has signed lenient agreements with the Brazilian and US authorities, and has committed to a series of fraud prevention measures, explained Petrobras
Odebrecht pleaded guilty in the United States to a vast scheme of bribery and bid-rigging.
agreed to pay $ 2.6 billion in fines in the United States, Brazil and Europe, at the time the highest sanction imposed by world authorities in a corruption case, after recognizing bribes to officials around the world. business
The former Executive Director of Petrobras, Aldemir Bendine was imprisoned and found guilty of money laundering and bribery for receiving $ 3 million reais (approximately $ 760,000) bribes of Odebrecht.
Bendine, who was appointed CEO in 2015 to clean up the company and resigned a year later, was accused of taking illicit money from the contractor during the operation 'Lava Jato' which started in March 2014 C & # 39; was already gone.
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