Bloomberg Law
March 17, 2023, 1:21 PM

UK Seizes $7.7 Million From Petrobras Bribe Scandal Executive

Katharine Gemmell
Katharine Gemmell
Bloomberg Editorial

The UK’s fraud prosecutor seized more than $7.7 million from a former Petroleo Brasileiro S.A executive who was involved in an extensive bribery scandal at the state-owned oil company.

The Serious Fraud Office said it had secured the recovery of the funds from ex-Petrobras employee Mario Ildeu de Miranda, the largest amount seized by the agency from a single bank account, according to a statement Friday.

Miranda, 71, was convicted of 37 counts of money laundering in Brazil in 2019 as part of Operation Car Wash — a probe by Brazilian authorities into systemic bribery at Petrobras. He was sentenced ...