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Leniency Deal

Leniency DealLeniency Deal

A Brazilian prosecutor sought to block a possible government leniency deal with construction and engineering companies implicated in a giant bribery and money laundering scheme at state-run oil company Petrobras, according to a document published Saturday on a Brazilian news site, Reuters said. The letter requests an injunction to stop Brazil’s comptroller general from approving any leniency deals with the companies, on the grounds that such a move could obstruct the police investigation. Reuters reported on Friday that a number of companies alleged to be involved in the corruption scheme were seeking such deals, which could allow them to continue bidding for state contracts.

Financialtribune.com