Brazilian federal court convicts former Camargo Corrêa executives in Petrobras scandal

( July 20, 2015, 17:51 GMT | Official Statement) -- MLex Summary: A federal court in Paraná state has convicted three former executives of construction company Camargo Corrêa — Dalton Avancini, Eduardo Leite and João Ricardo Auler — in a corruption scheme at state-controlled Petróleo Brasileiro, or Petrobras. The court also sentenced former Petrobras executive Paulo Roberto da Costa to 12 years of detention for laundering money in contracts between Petrobras and Camargo Corrêa, and money launderer Alberto Youssef to eight years and four months of detention. Both defendants, however, have signed agreements with federal prosecutors to cooperate with investigations and will have their sentences reduced. Youssef might get only three years in prison, said federal judge Sérgio Moro. See document attached....

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.

Start Free Trial

Already a subscriber? Click here to login

Brazilian federal court convicts former Camargo Corrêa executives in Petrobras scandal

Prepare for tomorrow’s regulatory change, today

Documents

Related Sections