Monday, 26 May 2025 | 03:15
SPONSORS
View by:

Brazil’s Eletrobras wins $26 mln from Andrade Gutierrez graft deal

Saturday, 05 February 2022 | 01:00

Brazil’s state-run power company Eletrobras said on Friday it would be reimbursed $26 million by construction and engineering conglomerate Andrade Gutierrez as part of a leniency agreement it reached for its role in the so-called Car Wash corruption investigation.

According to a securities filing, the company, along with its units Chesf, Eletronorte, Furnas and Eletronuclear, will receive 139.6 million reais ($26.20 million) under the agreement signed by Andrade Gutierrez, the Comptroller General’s Office and the Attorney General’s Office.

The amounts have not yet been recognized in Eletrobras’ financial statements, it said.

The probe into the money laundering scheme, first uncovered at a car wash in Brasilia in 2014, unveiled the bribery among some of Brazil’s largest companies and large state-run firms. Many of the country’s political and business elite faced prison sentences as a result of the investigation.
Source: Reuters (Reporting by Carolina Pulice; Editing by Richard Chang)

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping
Next article
Back to list
Previous article

Newer news items:

Older news items:

Comments
SPONSORS

NEWSLETTER