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Court in Brazil Finds R$544 Million in Fraud at COMPERJ

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The Federal Accounts Court (TCU) in Brazil announced on Wednesday it had found evidence of irregularities in over R$544 million paid for the construction of the Rio de Janeiro Petrochemical Complex (COMPERJ), owned by oil giant, Petrobras.

“There is an entire set of proof of irregular bidding and payment of bribes in which the companies contributing to these irregularities are known," said the rapporteur of the case, Judge Vital do Rego.

According to Vital do Rego the R$544 million in irregular payments were found in an audit conducted . . .

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