Petrobras Seeks Compensation From Executives, Contractors cited in “Lava Jato” probe

Petrobras has filed joint lawsuits with the Federal Public Prosecutors’ Office for improper conduct against the contractors and executives identified as responsible for irregularities within the scope of the Federal Police’s “Lava Jato” anti-corruption investigation.

The lawsuits are on top of a series of measures the company has adopted to guarantee full compensation for the losses it has suffered, including those related to its reputation.

In this first stage, there are two lawsuits – one filed on April 30 and the other filed this Friday (May 8) – concerning improper payments related to contracts between the companies Engevix and Mendes Júnior and Petrobras’ Downstream Department. The total value involved is around R$452 million, including compensation for material damages plus a fine, as well as a claim for compensation for moral damages, whose value will be quantified in due course.

Over the coming weeks, Petrobras will also jointly file another three lawsuits, involving contracts with the companies Camargo Corrêa, OAS and Galvão Engenharia, with a total claim for reimbursement of approximately R$826 million. As in the first group of lawsuits, the sum is composed of material damages, plus a fine – equivalent to three times the material losses – and moral damages to be quantified over the course of the process.

By monitoring lawsuits already proposed and future ones, the company reinforces its cooperation with the investigations and seeks compensation for the losses caused by the improper payments scheme.