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Brazil, OAS in talks to revive plea deal, source says

Brazilian prosecutors and legal advisers of OAS SA are resuming talks for a plea bargain deal linked to the engineering group’s participation in a massive corruption scandal, a person briefed on the matter said Tuesday.

The talks that could lead to formal negotiations for a plea deal for OAS and several company executives may take a few more weeks, said the person, who asked for anonymity because the matter is confidential. Newspaper Valor Econômico first reported the news earlier in the day.

The Prosecutor-General’s Office halted a first round of talks in August after parts of former Chief Executive Officer Léo Pinheiro’s testimony were leaked in the local press.

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