October 23, 2019 / 11:42 AM / 24 days ago

Brazil police target Techint in new phase of Car Wash probe

RIO DE JANEIRO, Oct 23 (Reuters) - Brazilian police conducted raids on Wednesday in a new phase of the sweeping “Car Wash” corruption probe targeting alleged bribery by Italo-Argentine group Techint to secure contracts from state-run oil firm Petroleo Brasileiro SA.

Federal police and prosecutors said local Techint units Techint Engenharia e Construção SA and Confab Industrial SA formed part of an illegal cartel of contractors to win more than 3.3 billion reais of contracts between 2007 and 2010.

Investigators said they were working with Italian and Swiss law enforcement on the case. Techint could not immediately be reached for comment. (Reporting by Pedro Fonseca Writing and additional reporting by Ana Mano Editing by Brad Haynes and Alison Williams)

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