Sept. 27 (UPI) -- Brazil's state-run oil company, Petrobras, agreed Thursday to pay $853 million to the United States and Brazil to settle a corruption scandal that's plagued the South American country for four years and entangled at least two presidents.
The company, formally known as Petroleo Brasileiro SA, will pay $682.6 million to a fund supporting corporate transparency and compliance. The U.S. Department of Justice and the U.S. Securities and Exchange Commission will split the other $170.6 million.