Camargo Correa to return $202 mln to Brazil firms, Folha reports

viernes 21 de agosto de 2015 08:57 GYT
 

SAO PAULO Aug 21 (Reuters) - Construction and engineering group Camargo Corrêa SA has agreed to pay a record 700 million reais ($202 million) to three Brazilian state-run companies to compensate them for damages related to cases of bribery and price-fixing in contracts, Folha de S. Paulo newspaper reported on Friday.

According to Folha, which cited people who were involved in the negotiations with prosecutors, the money will go to oil producer Petróleo Brasileiro SA, or Petrobras; Centrais Elétricas Brasileiras SA, or Eletrobras, and Eletronuclear, a nuclear energy unit of Eletrobras.

The payment, one of the terms in a leniency accord signed with prosecutors, allows Camargo Corrêa executives to obtain immunity from similar crimes related to the scheme that could be investigated in the future, Folha reported.

Media reports have recently said the company is also negotiating leniency deals with the country's comptroller general and antitrust watchdog Cade in connection with the corruption scandal at Petrobras.

A public relations official working for Camargo Corrêa declined to comment on the Folha report. Efforts to reach prosecutors in the case were unsuccessful.

Brazil's comptroller-general, known as CGU, is investigating 29 of Brazil's top engineering and civil construction firms as part of the multibillion-dollar scheme that used state firms to funnel bribes to ruling coalition politicians in exchange for contracts.

($1 = 3.4582 Brazilian reais) (Reporting by Guillermo Parra-Bernal Editing by W Simon)