Brazilian state-run oil company Petrobras on Thursday announced an accord with U.S. prosecutors that will end legal action against the company in the U.S. Petrobras said it will pay fines equal to $853 million to end prosecution for reporting irregularities and other actions related to a sweeping corruption scandal at the company. Petrobras previously paid out $2.9 billion to investors in civil suits connected to the accusations. Petrobras said the settlement includes a provision allowing it to pay 80% of the fine via social assistance programs in Brazil. Petrobras was accused of failing to report consequences of corrupt practices at the company. Investors lost money when evidence of the corruption was aired in Brazil.
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