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Andrade Gutierrez SA agrees to Brazil leniency deal

Reuters  |  SAO PAULO 

SAO PAULO (Reuters) - Andrade Gutierrez SA, one of Brazil's largest engineering and business groups, on Wednesday signed a leniency deal with a agency related to a major scandal.

Andrade Gutierrez and antitrust watchdog agency Cade said in separate statements the accord is part of an investigation into engineering works carried out across several shanty towns in the city of Rio de Janeiro in recent years.

The funds used to finance those works were part of ousted former President Dilma Rousseff's Accelerated Growth Plan investment program, also a target of "Operation Car Wash," a probe into fraudulent contracts between builders and state companies.

(Reporting by Eduardo Simões; Writing by Guillermo Parra-Bernal; Editing by Chris Reese and Will Dunham)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Andrade Gutierrez SA agrees to Brazil leniency deal

SAO PAULO (Reuters) - Andrade Gutierrez SA, one of Brazil's largest engineering and business groups, on Wednesday signed a leniency deal with a government agency related to a major corruption scandal.

SAO PAULO (Reuters) - Andrade Gutierrez SA, one of Brazil's largest engineering and business groups, on Wednesday signed a leniency deal with a agency related to a major scandal.

Andrade Gutierrez and antitrust watchdog agency Cade said in separate statements the accord is part of an investigation into engineering works carried out across several shanty towns in the city of Rio de Janeiro in recent years.

The funds used to finance those works were part of ousted former President Dilma Rousseff's Accelerated Growth Plan investment program, also a target of "Operation Car Wash," a probe into fraudulent contracts between builders and state companies.

(Reporting by Eduardo Simões; Writing by Guillermo Parra-Bernal; Editing by Chris Reese and Will Dunham)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Business Standard
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Andrade Gutierrez SA agrees to Brazil leniency deal

SAO PAULO (Reuters) - Andrade Gutierrez SA, one of Brazil's largest engineering and business groups, on Wednesday signed a leniency deal with a agency related to a major scandal.

Andrade Gutierrez and antitrust watchdog agency Cade said in separate statements the accord is part of an investigation into engineering works carried out across several shanty towns in the city of Rio de Janeiro in recent years.

The funds used to finance those works were part of ousted former President Dilma Rousseff's Accelerated Growth Plan investment program, also a target of "Operation Car Wash," a probe into fraudulent contracts between builders and state companies.

(Reporting by Eduardo Simões; Writing by Guillermo Parra-Bernal; Editing by Chris Reese and Will Dunham)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22