Tags Bribery

Tag: Bribery

By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL - According to court documents just released to the public, executives of embattled Brazilian construction giant Odebrecht admitted to paying some US$2.3 million in bribes to win the contract to renovate...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Former Rio de Janeiro governor, Sergio Cabral, has been formally charged of money laundering, currency evasion and passive corruption in the Lava Jato (Carwash) corruption scandal. This is the second...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – A class action suit filed in the United States on behalf of stock investors at the New York Stock Exchange may yield ‘tens of billions of dollars’ for the plaintiffs,...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazilian congressional representatives are scheduled to return to work this week and will have to face a wave of controversial issues already at the beginning of 2016. In addition to...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The CEO of the Brazilian operations of SBM Offshore as well as a board member working in the country have agreed to an out-of-court settlement with Brazil’s Ministerio Publico Federal...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The investigation which seeks to determine the financial losses to Brazil’s oil giant, Petrobras, due to Operação Lava Jato (Operation Carwash) may take up to three years to be concluded...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – After twice postponing the release of the third quarter financial results for 2014, Brazilian oil giant Petrobras released the report early Wednesday (January 28th) morning. The results show a net...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – This will be a decisive week for top executives at Brazil’s oil giant Petrobras, say analysts, as additional reports reveal that directors and even the company’s president, Maria das Graças...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s Corregedoria Geral da União - CGU, (Comptroller General’s Office), filed an inquiry against Netherland’s SBM Offshore NV for bribery allegations, but hopes the company will help the South American...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – With less than a month to go before Brazil’s Presidential elections, illegal kickback accusations made by a former Petrobras director, Paulo Roberto Costa, are shaking up the presidential race. Reportedly,...
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