Brazilian builder Andrade Gutierrez will confess to paying bribes for 2014 FIFA World Cup contracts and business with state-run companies Petrobras and Eletrobras, a newspaper report said on Friday.
Andrade Gutierrez agreed with Brazil’s prosecutor-general and other investigators to pay a fine of 1 billion reais ($270 million) in a plea deal covering the company and its executives, the Folha de S.Paulo newspaper said. The paper did not say how it obtained the information.
Brazil’s biggest corruption investigation ever has seen some of the country’s most powerful politicians and businessmen jailed over the past two years, but shed little light so far on the soaring costs of a dozen World Cup stadiums.
Andrade Gutierrez, which declined to comment, built the Amazonia Arena in Manaus and worked on the reform of venues in Rio de Janeiro, Porto Alegre and the capital Brasilia.
The cost of those construction projects jumped from 2.5 billion reais in early estimates to a final outlay of 3.4 billion reais, according to Contas Abertas, a group that monitors public spending.
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Brazil Energy Insight 
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