11742
Leniency Deal
World Economy

Leniency 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.

Short URL : http://goo.gl/pngDxd

You can also read ...

China is likely to develop a major overcapacity in production of industrial robots. This will tend to result in building too many factories, and that in turn means price-dumping on global markets.
The Chinese government has adopted a 'Made in China 2025'...
The Trump administration has expressed interest in combating America’s trade deficit with individual countries like China and Mexico.
As the nation was reeling from the racially charged violence...
Turkey Growth 3rd in G20
Turkey has occupied the third rank among the 20 major...
China mainland stocks enjoyed some of  the steepest gains.
Emerging stocks and some currencies ended the week on a sour...
Consumer confidence in Singapore has picked up.
Singapore residents were significantly more optimistic about...
Brazil Showing Signs of Recovery
Economic activity in Brazil expanded at a faster pace than...
Russia Continues With Privatizations
Russia’s Economy Ministry is continuing with the sale of state...
Fitch Upgrades Greece Debt
Credit rating agency Fitch on Friday upgraded Greece’s debt by...

Trending

Googleplus