• Money is part of 31 lawsuits seeking repayment of funds
  • Proceeds to be initially held by Brazil's justice system

Individual and companies involved in the investigations of Carwash, an alleged pay-to-play scheme, agreed to give back to Brazil’s government close to 2.4 billion reais ($622 million), O Globo newspapers said.

The money is part of 31 lawsuits within Brazil’s judiciary system in which companies and individuals accused of bribery agreed to return funds, according to a report published Sunday. Carwash is under investigation by Brazilian prosecutors and police in connection with alleged kickbacks, bribes and inflated construction contracts involving state-controlled oil producer Petroleo Brasileiro SA.

The money will be initially held by Brazil’s prosecutors, o Globo said. Petrobras alone has already received 296 million reais transferred by local judges, the report said.

Funds held by companies and individuals valued at about 1.1 billion reais is blocked in different accounts in Switzerland, Luxemburg and Monaco waiting for judicial decision related to the Carwash probe, O Globo said.

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