Jenner & Block

Operation Car Wash Rolls into the History Books with One of the Largest Global FCPA Resolutions

What was to become Operation Car Wash began in 2008 as a routine investigation by Brazilian authorities into Brazilian money launderers who laundered criminal profits through car washes and other small businesses.  A decade later, the Operation Car Wash investigation has brought down numerous Brazilian politicians and officials at Brazilian state-owned energy company Petróleo Brasileiro S.A. (“Petrobras”), and led to criminal charges and multilateral resolutions against both Brazilian and international companies, including the construction giant Odebrecht S.A., oil and gas service company SBM Offshore, and ship and rig company Keppel Offshore & Marine (“Keppel Offshore”)—all for their involvement in a massive bribery scheme to distribute Petrobras contracts and generate kickbacks to Petrobras officials and their political patrons.

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