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Construction companies face formal bid-rigging probe into road transport work in Brazil

( March 6, 2024, 16:25 GMT | Official Statement) -- MLex Summary: Several construction companies have been targeted in a formal Brazilian investigation into a bid-rigging cartel for infrastructure and road transport works in São Paulo, according to a statement. Some companies targeted are Camargo Corrêa, Andrade Gutierrez and Queiroz Galvão. The Administrative Council for Economic Defense, or CADE, opened a preliminary probe in 2027 following a leniency agreement with Odebrecht. The probe involves tenders promoted by Dersa and the Municipal Urbanization Co. for the implementation of the São Paulo Metropolitan Strategic Road System Development Program.OJ statement and CADE decision follow in Portuguese....

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