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

By  |  July 30, 2015
Brazil: Former Petrobras executive accused of accepting bribes from Italy’s Saipem

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.

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    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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