- Brazil’s federal police have arrested another former Petrobras (PBR +1.8%) executive as part of an investigation into a broader corruption scandal surrounding the company.
- Police arrested Jorge Zelada, the company's director of international operations during 2008-2012; he replaced Nestor Cerveró, who has been convicted of money laundering and sentenced to five years in prison for his role in the widening scandal.
- Prosecutors allege Zelada took bribes from suppliers seeking contracts with PBR and hid some of that money offshore; he is the fourth former PBR exec to be arrested on allegations of bid rigging and bribery.