Camargo Corrêa Signs Agreement and Will Return 1.4 Billion Reais to Public Coffers by 2038

Written by Renato Oliveira

Published on 01/08/2019 at 11:31

Acordo de leniência

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Leniency Agreement Was Signed With The CGU And AGU Aiming At Fraudulent Contracts, But Camargo Corrêa Will Have Until 2038 To Refund The Amount

The Operation Car Wash Made Another Company Refund Public Funds For Corruption In Fraudulent Contracts. Now It Was Camargo Corrêa’s Turn To Sign Another Leniency Agreement With The Office Of The Comptroller General (CGU) And The Attorney General’s Office (AGU).
The Agreement Was Signed Yesterday, Wednesday (31/07), And Provides For Another Payment By The Construction Company, In The Amount Of 500 Million Reais.

With This New Payment, Camargo Corrêa Now Reaches About 1.4 Billion Reais Returned To The Federal Government, Amounts That Include Settlements Signed In 2015 With The Federal Public Ministry And The Antitrust Authority, In Addition To Monetary Corrections.

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The Amounts Returned Will Be Entirely Destined To The Federal Government And To The Damaged Entities, And According To Camargo Corrêa, The Agreement Concludes “An Important Stage” For The Group.

The Company Released A Statement To The Press Saying The Following: “During The Negotiations, The Company Collaborated With Information And Evidence About Illicit Acts Committed By Various Individuals And Legal Entities, So That The Agreement Contributes To The Consolidation Of Legal Security In The Microsystem For Combating Corruption And Protecting Public Assets And Administrative Integrity.”

Composition Of The Total Amount

905.9 Million Reais, That Is, Most Of This Amount Refers To Illicit Enrichment Obtained By The Company Due To Influence In Fraudulent Contracts, And The Other 330.3 Million Reais Correspond To The Refund Of Amounts Paid As Bribes.

This Amount Is Also Increased By A 36.2 Million Administrative Fine, Provided For In The Anti-Corruption Law, And 123.6 Million Civil Fine, Provided For In The Administrative Improbity Law.

Camargo Corrêa Signs Agreement and Will Return 1.4 Billion Reais to Public Coffers by 2038

Leniency Agreement Was Signed With The CGU And AGU Aiming At Fraudulent Contracts, But Camargo Corrêa Will Have Until 2038 To Refund The Amount

Composition Of The Total Amount

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Camargo Corrêa Signs Agreement and Will Return 1.4 Billion Reais to Public Coffers by 2038

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