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Petrobras may need to pay US$1.6b in penalties

It expects to face largest fines ever levied by US authorities in a corporate corruption investigation

Petrobras headquarters.jpg
Brazil's Petrobras may need to pay record penalties of US$1.6 billion or more to settle US criminal and civil probes into its role in a corruption scandal, a person recently briefed by the company's legal advisers told Reuters.

Rio de Janeiro

BRAZIl'S Petrobras may need to pay record penalties of US$1.6 billion or more to settle US criminal and civil probes into its role in a corruption scandal, a person recently briefed by the company's legal advisers told Reuters.

State-run Petroleo Brasileiro SA, as

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