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 .
Petroleo Brasileiro, also known as Petrobras, suspended trades with Vitol Group, Trafigura and Glencore as the country's wide-reaching "Car Wash" investigation continues. Mike Loya, head of Vitol in the US, and Antonio Maarraoui, head for Latin America and the Caribbean, were named in documents as 12 people were charged in connection to a $2.85m bribery scheme, set to benefit Vitol at Petrobras' expense.