RIO DE JANEIRO - Brazil’s Petroleo Brasileiro SA is re-examining its treatment of whistleblower complaints after the indictment of six of the state-run oil firm’s traders in December indicated that efforts to root out corruption had faltered, according to three people familiar with the matter.
Company officials questioned the employees on how their complaints had been handled, said the people, who requested anonymity to discuss internal matters. Some of the employees said they were unsatisfied with the company’s response and believed the wrongdoing was not addressed, sources said. The enquiry underlines how Petrobras is still working to improve compliance and root out the graft at the center of Brazil’s five-year “Car Wash” investigation, considered by U.S. law enforcement to be the largest corporate corruption case ever.
However, in December, Brazilian prosecutors blew the lid off another kickback scheme, this time in the oil trading division of Petrobras, which also implicated commodities trading giants Glencore PLC, Vitol SA and Trafigura AG.
Shame left by legacy by corrupt governments and past terrorists, who tend to be perplexed if they do not learn from past mistakes