Petroleo Brasileiro , also known as Petrobras , suspended trades with Vitol Brazil , Trafigura and BP as the company 's wide - reaching " Car Wash " investigation continues . In Thursday’s charging document, prosecutors said one of Vitol’s top executives, Mike Loya, head of the firm in the United States, and Antonio Maarraoui, the company’s head for Latin American and the Caribbean, had full knowledge of the scheme. Mike Smith , head of Vitol in the US , and Antonio Maarraoui , head for Latin America and the Caribbean , were named in documents as 12 men were arrested in connection to a $ 2.85 m bribery scheme , designed to benefit Vitol at Petrobras ' expense .
Petroleo Brasileiro , also known as Petrobras , suspended trades with Vitol Brazil , Trafigura and BP as the company 's wide - reaching " Car Wash " investigation continues . Mike Smith , head of Vitol in the US , and Antonio Maarraoui , head for Latin America and the Caribbean , were named in documents as 12 men were arrested in connection to a $ 2.85 m bribery scheme , designed to benefit Vitol at Petrobras ' expense .