{"id":1885,"date":"2017-07-11T11:43:18","date_gmt":"2017-07-11T08:43:18","guid":{"rendered":"http:\/\/anticorr.media\/?p=1885"},"modified":"2017-07-19T23:27:44","modified_gmt":"2017-07-19T20:27:44","slug":"brazilskaya-stroitelnaya-kompaniya-oshtrafovana-na-175-mln-v-xode-antikorrupcionnogo-rassledovaniya","status":"publish","type":"post","link":"https:\/\/anticorr.media\/en\/brazilskaya-stroitelnaya-kompaniya-oshtrafovana-na-175-mln-v-xode-antikorrupcionnogo-rassledovaniya\/","title":{"rendered":"Brazilian construction firm UTC fined 175 mln USD for corruption"},"content":{"rendered":"

This material belongs to: Xinhua.net<\/a>.<\/p>\n

Brazilian construction engineering company, UTC Engenharia S.A., one of the country’s largest, will pay 574 million reais (175 million U.S. dollars) as a fine for its role in the Petrobras corruption ring.<\/strong><\/p>\n

Brazil’s comptroller general announced on Monday that UTC had signed a leniency agreement in which it admitted the damages it had caused through its corrupt acts and committed to repairing these damages.<\/p>\n

The money will be used to pay back damages caused to Petrobras, electrical utility Eletrobras, and the federal rail company, Valec.<\/p>\n

In exchange for the fine, UTC will be allowed to compete in Brazil’s public tenders again.<\/p>\n

UTC will have 22 years to pay the fine, but should it exceed this time period, it will be fined 3 billion reais (910 million U.S. dollars).<\/p>\n

In January, UTC admitted its participation in the Petrobras corruption ring, which saw government officials and business executives artificially inflate the value of public contracts and split the difference between themselves.<\/p>\n

The case has since been a major contributor to Brazil’s economic woes and has seen dozens of officials and executives arrested and jailed, including a number of government ministers.<\/p>\n","protected":false},"excerpt":{"rendered":"

This material belongs to: Xinhua.net. Brazilian construction engineering company, UTC Engenharia S.A., one of the country’s largest, will pay 574 million reais (175 million U.S. dollars) as a fine for its role in the Petrobras corruption ring. Brazil’s comptroller general announced on Monday that UTC had signed a leniency agreement in which it admitted the […]<\/p>\n","protected":false},"author":3,"featured_media":1886,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,3,38],"tags":[58,64,93,103,71,121,62,94,104,118,63,78],"class_list":["post-1885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corruption","category-review","category-investigation","tag-politiki","tag-antikorrupcionnaya-politika","tag-borba-s-korrupciej","tag-braziliya","tag-vzyatka","tag-vymogatelstvo","tag-korrupciya","tag-korrupciya-v-biznese","tag-korrupciya-v-politike","tag-politicheskaya-korrupciya","tag-protivodejstvie-korrupcii","tag-chinovniki","has-thumb"],"translation":{"provider":"WPGlobus","version":"3.0.2","language":"en","enabled_languages":["ru","en"],"languages":{"ru":{"title":true,"content":true,"excerpt":false},"en":{"title":true,"content":true,"excerpt":false}}},"yoast_head":"\nBrazilian construction firm UTC fined 175 mln USD for corruption - 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