The MPF (Federal Public Prosecutor’s Office) signed a leniency agreement today with the multinational Glencore, within the scope of Operation Lava Jato. The mining company must pay Petrobras an installment of US$ 39.6 million (approximately R$ 190 million, according to today’s quotation) directly to Petrobras.
With the leniency signed, the multinational recognizes acts of corruption related to improper payments to Petrobras employees in order to obtain preference and other favors in commercial transactions.
The amount must be paid to the state-owned company within 30 days after the approval of the agreement by the 5th Chamber to Combat Corruption of the MPF.
Of the US$39.6 million, US$29.6 million (approximately R$139 million) is for repairing damages and reversing undue advantages, while US$9.8 million (approximately R$43 million) is charged for the fine. Administrative Misconduct Law and the other US$ 145.9 thousand (about R$ 698 thousand) refer to the penalty provided for in the Anti-Corruption Law.
On the day of payment, the installment in dollars will be converted into reais, according to the exchange rate on the date.
In addition to acknowledging the corruption and the payment to Petrobras, Glencore had to, under the leniency agreement, commit to future investigations, adopt transparency measures and reinforce codes of ethics and conduct.
