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Brazil seeks nearly $13 billion from conglomerate for graft


The Brazilian government plans to fine local conglomerate Andrade Gutierrez S.A.impose $12.7-billion to settle claims related to its participation in a graft scheme, Newsline reported citing media sources. The fine, based on calculations from Brazil's Office of the Attorney General and the Office of the Comptroller General, is a condition for signing a leniency agreement that would allow the firm to continue bidding for government contracts. Andrade Gutierrez is among 10 companies being investigated since March 2015 for kickbacks from executives to politicians in return for government contracts.

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