Executive says he paid US$36.1 mil. to Petrobras: media

The China Post
Date: April 20, 2015
By: AFP

WASHINGTON — A top construction company executive has told investigators he paid US$36.1 million (NT$1.12 trillion) in bribes to executives at state oil giant Petrobras, which is being rocked by Brazil’s biggest ever corruption scandal, local media reported Saturday.

Eduardo Leite, vice president at the construction firm Camargo Correa, told prosecutors the bribes stretched from 2007-2012. He is cooperating with authorities in exchange for a potential future reduction of his sentence, G1 news portal reported.

The construction firm is allegedly one of those that paid executives at Petrobras to give them contracts in exchange for overcharging. Then the executives would skim the difference.    [FULL  STORY]

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