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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.

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

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