Federal police in Brazil have served 27 arrest warrants with regard to a money-laundering scandal involving the Brazilian president and the state-run oil company, Petrobras.
The arrest operation involved about 300 police officers across five states on Friday, the police said in a statement. Authorities served the warrants at “large companies,” the statement said, without revealing the names or the individuals involved.
The move comes a day after Brazilian oil giant, Petrobras, postponed the release of its third quarter earnings report due to ongoing corruption investigations involving the company.
“Because of the time needed to investigate the ongoing allegations and evaluate the need to improve internal controls, the company is not able to release results for the third quarter,” the company said.
The money-laundering investigation, known as Operation Car Wash, was launched in March and targeted a money-laundering scheme involving Petrobras.
