Brazil's CGU applies, upholds sanctions on four companies in corruption investigation
( October 17, 2023, 20:50 GMT | Official Statement) -- MLex Summary: The Brazilian anticorruption authority has imposed and upheld sanctions on Pedrasul, Construtora Barbosa Mello, CR Almeida and Galvão Engenharia in a corruption probe, according to a statement. The companies are unable to bid or contract with the government. Pedrasul was sanctioned for defrauding public tenders from the extinct company VALEC Engenharia, Construções e Ferrovias involving the construction of lots on railways. The Office of the Comptroller General (CGU) upheld its sanctions on the companies Construtora Barbosa Mello, CR Almeida and Galvão Engenharia in the same case.CGU press release follows in Portuguese....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.