Brazil police raid offices of major builders in railway probe

Brazil’s federal police on Thursday raided the offices of at least 12 builders to seek evidence of a cartel handling railway projects, antitrust watchdog Cade said.

Cade did not specify where the raids were conducted but said police suspected some of Brazil’s largest construction companies, including Odebrecht SA, OAS SA and Andrade Gutierrez SA, were active members of the cartel. All have already been linked to corruption at oil projects.

The probe, which started in February, is based on testimony from plea and leniency deals with construction firm Camargo Correa SA, one of the targets of an investigation into price-fixing at state-run oil company Petroleo Brasileiro SA, or Petrobras.

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