Crime Bribery

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  • March 23- Three former officials at Venezuela's state oil company have pleaded guilty to U.S. charges related to a scheme by two businessmen to corruptly secure energy contracts, the U.S. Justice Department said on Wednesday. The ex-PDVSA officials are Jose Luis Ramos Castillo, 38; Christian Javier Maldonado Barillas, 39; and Alfonzo Eliezer Gravina Munoz, 53..

  • March 22- A Venezuelan businessman accused by U.S. prosecutors of taking part in a $1 billion conspiracy to pay bribes to obtain contracts from Venezuela's state oil company pleaded guilty on Tuesday. Shiera and Roberto Rincon, president of Tradequip Services& Marine, were arrested in December on charges that they engaged in a corrupt scheme involving...

  • SAO PAULO, March 22- Grupo Odebrecht SA, the engineering firm at the heart of Brazil's biggest ever graft probe, on Tuesday agreed to cooperate with prosecutors, in a move likely to send shockwaves across political parties that for years illegally siphoned money from state contracts. The company said the decision was made to help "build a better Brazil."

  • Tuesday's operation, code-named "Xepa", uncovered a parallel bribe-payment scheme to siphon money from state-run oil company Petrobras led by Odebrecht SA, Latin America's largest engineering firm, police said in a statement without divulging names. It is the 26th raid in a two-year corruption probe that has put a number of Brazil's top executives and...

  • BRASILIA, March 22- Brazilian federal police were seeking to arrest 15 people on Tuesday as part of the corruption investigation centered on state-run oil producer Petroleo Brasileiro SA, police and federal prosecutors said. Tuesday's operation, codenamed "Xepa," uncovered a bribe-payment scheme led by Odebrecht SA, Latin America's largest engineering and...

  • Alex Wisidagama, 42, was sentenced in federal court in San Diego after pleading guilty to one count of conspiracy to submit false bills to the Navy. In January 2015, Francis pleaded guilty to bribing Navy officers with cash, prostitutes, luxury travel and high-end electronics for inside information, including ship scheduling, and to steer business to his...

  • March 18- U.S. prosecutors investigating allegations of bribery by Wal-Mart Stores Inc across the globe have found little evidence of corrupt practices in China, Bloomberg reported. The U.S. Department of Justice has been conducting a years-long investigation into potential misconduct by Wal-Mart in some overseas markets, including China, Brazil, India and...

  • March 17- A sales consultant told Brazilian prosecutors he believes planemaker Embraer SA's top officials, including Chief Executive Frederico Curado, knew of illicit payments related to the sale of military aircraft to the Dominican Republic, the Wall Street Journal reported. Embraer is under investigation by the U.S. and Brazilian authorities for...

  • *Andrew Witty to retire on March 31, 2017. LONDON, March 17- GlaxoSmithKline said on Thursday its Chief Executive Andrew Witty would retire in 12 months after leading the British drugmaker through a series of changes since 2008 that have failed to ignite the share price. His reputation was further tarnished by a damaging bribery scandal in China that landed GSK...

  • March 17- A sales consultant told Brazilian prosecutors he believes planemaker Embraer SA's top officials, including Chief Executive Frederico Curado, knew of illicit payments related to the sale of military aircraft to the Dominican Republic, the Wall Street Journal reported. Embraer is under investigation by the U.S. and Brazilian authorities for...

  • SAO PAULO, March 15- The testimony released on Tuesday of a prominent Brazilian senator is leading prosecutors in the widening corruption scandal beyond the graft-ridden oil and electric sector that have been their main focus and into the ethanol industry. The testimony says former chief executive of Petrobras, Philippe Reichstul helped direct funds from...

  • SAO PAULO, March 15- The testimony released on Tuesday of a prominent Brazilian senator is leading prosecutors in the widening corruption scandal beyond the graft-ridden oil and electric sector that have been their main focus and into the ethanol industry. The testimony says former chief executive of Petrobras, Phillipe Reichstul helped direct funds from...

  • NEW YORK, March 15- Anti-bribery groups are raising concerns about governments expanding the use of deals that let companies accused of crimes avoid prosecution if they promise to implement reforms and pay heavy fines, ahead of an OECD anti-bribery meeting in Paris on Wednesday. Transparency International, the London- based Corruption Watch and other groups...

  • SAO PAULO/ BRASILIA, March 14- Any decision to arrest Brazil's former President Luiz Inacio Lula da Silva will be made by Federal Judge Sergio Moro, who oversees a sweeping investigation into kickbacks at state-run oil firm Petrobras and approved the detention of dozens of senior executives, a Sao Paulo court ruled on Monday. State prosecutors in Sao Paulo filed...

  • BRASILIA, March 11- Graft money skimmed from overpriced contracts to build the Belo Monte hydroelectric dam in the Amazon funded President Dilma Rousseff's 2010 and 2014 election campaigns, a ruling Workers' Party senator has testified according to newsweekly IstoE. In plea bargain statements to prosecutors, Amaral said a graft scheme mounted during the...

  • BUENOS AIRES, March 9- Argentina is investigating whether the local unit of Odebrecht paid bribes to government officials, an Argentine prosecutor said on Wednesday, deepening the regional fallout from the biggest corruption scandal in Brazil's history. The probe laid out by Sergio Rodriguez, the lead prosecutor on public administration investigations, is...

  • Corruption probes eventually good for Brazil

    Brian Winter, AS/COA Vice President of Policy and Americas Quarterly Editor-in-Chief, discusses former Brazilian president Lula da Silva's detention, and the ongoing corruption probes in the country.

  • Lula's detention@ SAO PAULO, March 4- Brazil's stocks and currency looked set to end the week with their biggest gain in almost eight years after police detained former president Luiz Inacio Lula da Silva for questioning on Friday in an investigation of a bribery and money laundering scheme. "Maybe this is helping Brazilian assets because of the idea that it will...

  • NEW YORK/ LONDON, March 4- The arrest of former Brazilian president Luiz Inacio Lula da Silva fueled a massive market rally but once the euphoria fades, investors will still face concerns about political chaos and an economy mired in a deep recession. Lula's detention for questioning in a bribery and money laundering probe and the move's dire implications for...

  • detention@ NEW YORK, March 4- Brazil's stock market and currency surged to their highest in at least six months after police detained former president Luiz Inacio Lula da Silva for questioning on Friday in an investigation of a bribery and money laundering scheme. A London- listed Brazilian exchange traded equity fund jumped more than 11.0 percent to a...