Brazil’s Petrobras received a subpoena from the U.S. Securities and Exchange Commission November 21 requesting documents, the company said Monday.

The state owned company said it received a request for a “number of company documents” that will be sent to the agency following joint work by the company’s Brazilian and U.S. lawyers.

“Petrobras reiterates its commitment to cooperate with the United States public authorities with the same dedication that it has been cooperating with the Brazilian public authorities,” the company said.

The company did not disclose what types of documents were requested.

The SEC has not commented on the subpoena.

The move confirms earlier reports that U.S. regulatory officials are considering probes into the scandal racked company.

Petrobras has been under pressure in Brazil after a police inquiry into alleged corruption was launched earlier this year.

So far, two Petobras executives have been arrested along with 17 other employees.

One of those executives, former downstream chief Paulo Roberto Costa, will face trial after admitting he accepted a $636,000 bribe in connection with the company’s 2006 purchase of a Texas refinery.

Costa claims that employees skimmed as much as 3 percent off the company’s contracts and funneled the money into political organizations.

A third, unnamed engineering executive was fired earlier this month after the initial results of an internal investigation were presented to the company’s board.

Last week, Brazil’s central bank froze about $18 million in assets belonging to three unnamed firms and 14 individuals suspected of bribery, graft and money laundering related to Petrobras activities.

The company was also forced to delay its third quarter results twice after PricewaterhouseCooper refused to sign off on accounts linked to transportation chief and politician Sergio Machada.

Analysts have warned that the company’s legal woes could drag its investment rating down.


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