Petrobras, whose formal name is Petroleo Brasileiro SA, and its attorneys did not immediately respond to requests for comment. But the company has claimed it was a victim of a fraud orchestrated by a handful of executives, outside contractors and politicians. Prosecutors in Brazil have said more than $2 billion of bribes were paid over a decade to Petrobras executives by construction and engineering companies to win lucrative contracts. The scandal, which has engulfed Brazil’s political class, has contributed to a plunge in the oil company’s market value.
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