US, Brazil resolve Embraer corruption case
Embraer has reached agreement with the US and Brazil to resolve a 6 year investigation into corruption at the aircraft maker. Embraer will pay almost US$206m to the US and Brazil, and will be monitored for up to 3 years to ensure the settlement terms are complied with. “Embraer executives and employees paid bribes to govt officials and falsified books and records in connection with aircraft sales to foreign govts and state-owned entities in multiple countries,” the US Justice Department said. In acceptance of the agreement Embraer said “the company acknowledges responsibility for the conduct of its employees and agents according to the facts ascertained in the investigation.” As part of the agreement, no charges will be brought against Embraer if it honours the settlement. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-10-25/general/us-brazil-resolve-embraer-corruption-case
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US, Brazil resolve Embraer corruption case
Embraer has reached agreement with the US and Brazil to resolve a 6 year investigation into corruption at the aircraft maker. Embraer will pay almost US$206m to the US and Brazil, and will be monitored for up to 3 years to ensure the settlement terms are complied with. “Embraer executives and employees paid bribes to govt officials and falsified books and records in connection with aircraft sales to foreign govts and state-owned entities in multiple countries,” the US Justice Department said. In acceptance of the agreement Embraer said “the company acknowledges responsibility for the conduct of its employees and agents according to the facts ascertained in the investigation.” As part of the agreement, no charges will be brought against Embraer if it honours the settlement. <br/>
