Brazil on Monday banned IESA Oil & Gas from government work for paying bribes, the third construction and engineering company barred in the massive graft and political kickbacks scandal involving contracts with state oil company Petrobras.
The Ministry of Transparency, Brazil’s primary anti-corruption agency, said IESA would not be able to bid for new government contracts for at least two years, and lifting the ban will depend on repayment of losses to Petrobras.
Brazilian builder Mendes Junior Engenharia was barred from bidding for government contracts in April and the local unit of Swedish construction company Skanska AB was banned in May.
All of the banned companies have denied wrongdoing. Skanska, the world’s No. 5 construction firm, has challenged the Brazil government decision to ban its subsidiary from new contracts.