Bilfinger sees Brazil bribes totalling less than 1 mln eur
FRANKFURT, March 26 (Reuters) - Struggling German engineering and services firm Bilfinger may have paid up to 1 million euros ($1.1 million) in bribes to win contracts in Brazil, it said on Thursday.
Bilfinger had said on Sunday it was investigating whether employees of a subsidiary had paid bribes to public officials in Brazil in connection with orders related to the 2014 soccer World Cup.
It said in a statement on Thursday: "After looking at all accounting transactions from past years, current information indicates that potentially improper payments exist of less than 1 million euros in total."
($1 = 0.9116 euros) (Reporting by Georgina Prodhan; Editing by Maria Sheahan)
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