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Exclusive-JPMorgan faces oil bribery probe in Brazil

Exclusive-JPMorgan faces oil bribery probe in Brazil

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Brazilian authorities are investigating whether JPMorgan Chase & Co played a role in an alleged bribery and money laundering scheme dating back to 2011 and involved state-run oil company Petrobras, according to documents reviewed by Reuters and two law enforcement sources. So far, police have focused their attention on purchases of roughly 300,000 barrels of Petrobras fuel oil by JPMorgan in 2011 according to the court documents and sources, who requested anonym

...read full article on Reuters

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