Vantage ex-CEO charged with corruption in Brazil
Brazil petrobras
Prosecutors allege that Bragg paid USD 31 million in bribes to receive a USD 1.8-billion drillship chartering contract from Petrobras in 2009.
Earlier in July, an international tribunal ordered Petrobras to pay USD 622 million to Vantage Drilling due to a breach of contract. In 2015, the NOC cancelled the contract following an investigation to determine whether it had been ethically awarded, spurring Vantage to file a “wrongful termination” claim.
Petrobras executive Jorge Zelada has already been charged with corruption in relation to the contract award, and was given a more than 12-year prison sentence.
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