Brazil: Leniency Deal with Builder in Corruption Probes
Brazil's antitrust regulator CADE and federal prosecutors signed a leniency deal on Friday with engineering company Camargo Correa aimed at obtaining evidence of alleged price-fixing of contracts to build a nuclear power plant. Camargo Correa was the first of Brazil's construction firms to have its top executives convicted of corruption and money laundering in the massive kickback scandal involving over-priced contracts with state oil firm Petroleo Brasileiro SA.
First Petrobras Scandal Convictions Announced
Three executives of Brazil's Camargo Correa group were convicted on Monday of money laundering, corruption and other charges, the first construction-industry executives to be sentenced in a giant price fixing and bribery scandal involving state-run oil company Petrobras. Dalton dos Santos Avancini, chief executive officer of Camargo Correa Construções e Participações SA, João Ricardo Auler, the company's chairman, and Eduardo Hermelino Leite, a senior executive, were all convicted of corruption and membership in a criminal organization.
Brazil Convicts First Engineering Exec in Petrobras Scandal
Three executives of Brazil's Camargo Correa group were convicted on money laundering, corruption and other charges on Monday, the first construction-industry executives to be sentenced in a giant price fixing and bribery scandal involving state-run oil company Petrobras. The convictions were handed down by Judge Sergio Moro of Brazil's Federal Court in Curitiba, Brazil, the court said in its ruling. The convicted included Dalton dos Santos Avancini, chief executive officer of Camargo Correa Construções e Participações SA…
