You are here: Home » Reuters » News
Business Standard

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.)

RECOMMENDED FOR YOU

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.)

image
Business Standard
177 22

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

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard