Brazil Convicts First Engineering Exec in Petrobras Scandal

July 20, 2015

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, João Ricardo Auler, chairman of the board of directors of Camargo Correa Construções, and Eduardo Hermelino Leite, a senior executive of Camargo Correa Construções, the ruling said.
 
The convictions were the result of charges stemming from efforts to fix the bidding process for contracts at Petroleo Brasileiro SA, as Petrobras is formally known, the ruling said.
 
 
(Reporting by Jeb Blount; Editing by Andrew Hay)

Logistics News

Ship Design, Maritime Accidents and There’s a Master on the Run

Ship Design, Maritime Accidents and There’s a Master on the Run

Maersk: Effective US Tariffs Average Around 21% Currently

Maersk: Effective US Tariffs Average Around 21% Currently

US Grain Shipments Surge 9% in face of Chinese Tariffs

US Grain Shipments Surge 9% in face of Chinese Tariffs

Great Lakes Limestone Trade Up in June

Great Lakes Limestone Trade Up in June

Subscribe for Maritime Logistics Professional E‑News

Mayor of Moscow: Russian air defences shot down four drones heading for Moscow
Mayor of Moscow: Russian air defences shot down four drones heading for Moscow
INDIA RUPEE: Rupee little changed at the end of week, but looming deadline for tariffs in focus