Hygo Energy CEO investigated in Brazil's 'Operation Car Wash' probe, Globo says

The Federal Police carried out 25 search and seizure warrants regarding the 75th phase of "Operation Lava Jato," or "Operation Car Wash," the ongoing criminal investigation by the Federal Police of Brazil, according to a translation of a report from Globo. The current phase investigates whether the shipping company Sapura in Brazil paid $40M in bribes for a $2.7B contract with Petrobras (PBR), said the translated report. According to the Federal Public Ministry, Sapura hired lobbyist Mauricio Carvalho to get inside information from Petrobras and help formulate the winning proposal and Carvalho passed on the information to Eduardo Navarro Antonello, who at the time represented the Seadrill Group (SDRL), the report said. The two companies and the two investigated were targets of search warrants, added Globo. Following the report, Golar LNG Limited (GLNG) has said: "The company is aware of the allegations that have been made against Hygo's Chief Executive, Eduardo Antonello. The allegations against Mr. Antonello involve conduct that predates and do not, in any way, implicate his work at Hygo. However, in an abundance of caution, Hygo has initiated a review to seek to confirm that there have not been any deviations from its culture of compliance in connection with Mr. Antonello's service to Hygo." Reference Link