Brazil’s anti-corruption ‘Car Wash’ probe to look at sale of Petrobras Argentina
‘The fund’s shares were sold very cheap, and we want to know why, because thousands of pensioners lost money,’ says the Argentine judge heading the investigation
Brasilia — Brazilian prosecutors plan to investigate last year’s controversial sale of the Argentine subsidiary of Petrobras, Brazil’s state-controlled oil company, a lawyer representing some Petrobras shareholders said on Wednesday. Petrobras, formally known as Petroleo Brasileiro, sold its 67.2% stake in Petrobras Argentina for $892m to Pampa Energia, Argentina’s largest power company. The sale has already drawn scrutiny from Brazil’s Congress and a federal audit court, and lawyer Felipe Caldeira said prosecutors were now looking into it as part of Brazil’s sweeping "Car Wash" anti-corruption investigation. Caldeira, representing a group of minority Petrobras shareholders, told Reuters he spoke on Tuesday to prosecutors on a task force in Curitiba leading the Car Wash probe and gave them information on the sale. "They are very interested and will investigate this," said Caldeira, who filed a civil case in a Rio de Janeiro court in May alleging that the sale fetched a below-market ...
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