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Financial News: BRAZIL: Former Petrobras And Banco Do Brasil Chairman

BRAZIL: Former Petrobras And Banco Do Brasil Chairman Arrested

07/27/2017 - 20:10:00 (RTTNews)

(RTTNews) - The Brazilian Federal Police arrested Aldemir Bendine, a former Petrobras and Banco do Brasil chairman. Bendine and other financial operators allegedly received US$ 3 million in bribes paid by Odebrecht.

Bendine headed Banco do Brasil from 2009 to 2015, and left to serve as Petrobras chairman until May 30, 2016. According to the Brazilian Federal Police, there is evidence that Bendine requested R$ 17 million in bribes while he was heading Banco do Brazil to allow a debt refinancing by Odebrecht AgroIndustrial.

Public prosecutors also informed that Marcelo Odebrecht and Fernando Reis, executives of Odebrecht, said under a plea-bargain deal that they refused Bendine's request because they understood that Bendine was not able to influence the financing agreement.

According to the prosecution, there is evidence that, on the eve of taking the top position in Petrobras, on February 6, 2015, Bendine again requested a bribe to Marcelo Odebrecht and Fernando Reis, so that Odebrecht would not be left behind in contracts with the state-owned oil company. He then received a R$ 3 million bribe, paid in 3 installments of R$ 1 million each.

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