Brazilian police investigating corruption around state-run oil firm Petrobras also plan to probe more than $10 billion of construction contracts for the 2016 Olympic Games in Rio de Janeiro, a lead investigator said.
Some of the big engineering firms caught up in the Petrobras probe “very probably” broke laws against price-fixing and bribery on contracts to build Olympic venues, said Igor Romario, a Federal Police chief and key figure in the investigation.
“In every situation where there has been an investigation into contracts with these companies, this model of corruption was repeated,” Romario told Reuters in a telephone interview. “It’s possible that it was repeated in the projects for the 2016 Olympics.”
So far, Romario said, there is no evidence proving any crimes around Olympic bidding and investigators are still focused on the original probe – a deep inquiry into price-fixing on Petroleo Brasileiro SA contracts and bribes for company executives and politicians in exchange for winning bids.
Read more
Brazil Energy Insight 
Leave a comment