A PYMNTS Company

Brazil: Former Petrobras executive accused of accepting bribes from Italy’s Saipem

By  |  July 30, 2015

Prosecutors in Brazil said on Wednesday former Petrobras executive Renato Duque had unfairly favored Italy’s Saipem SpA on a contract for an undersea gas pipeline for the Lula and Cernambi offshore subsalt fields.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The accusations came in an emailed summary of charges against Duque, who is on trial over allegations of corruption, and four other people in a price-fixing, bribery and political kickback scheme at Brazil’s state-run oil firm.

    Prosecutors said Duque accepted bribes from Saipem’s representative in exchange for favoring the company in a 2011 auction for the pipeline contract.

    Full content: The Financial Times

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.