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JPMorgan faces investigation into bribery in Brazil’s oil sector

RIO DE JANEIRO, BRAZIL - Brazilian authorities are investigating whether JPMorgan Chase & Co had a hand in an alleged kickback and money laundering scheme dating back to 2011 involving state oil company Petrobras, according to documents reviewed by Reuters and two sources with knowledge of the matter.

So far, police have focused their attention on JPMorgan's purchases of about 300,000 barrels of fuel oil from Petrobras in 2011, according to court documents and sources, who requested anonymity to discuss an ongoing investigation.

The documents, which were seen by Reuters, include email messages between alleged coconspirators, witness statements, and . . .

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