Brazilian state-owned energy company Petrobras announced Monday it has reached the end of its obligations set forth by the Department of Justice, three years after agreeing to a coordinated resolution with U.S. and Brazilian authorities for playing a role in one of the world’s largest political corruption investigations.
“With the conclusion of the obligations foreseen in the agreement, Petrobras closes an important stage in its recovery trajectory,” said the company’s Executive Director of Governance and Compliance Salvador Dahan in a press release. “We have finally turned the page, and the end of the DOJ agreement proves that we are living in new times, with our compliance system being strengthened day by day. We now have a robust control system and anti-corruption measures that go beyond those required by law.”
