Ex-exec: paid millions in bribes to Brazil president party

By The Associated Press

A former construction executive says his company paid $40 million to Brazilian President Michel Temer's party and another party to ensure a contract with the state oil company.

Brazil's President Michel Temer smiles during a ceremony at the Planalto presidential palace, in Brasilia, Brazil, Wednesday, April 12, 2017. Brazil's Supreme Court announced corruption investigations into eight ministers and dozens more top politicians in a sweeping decision that affects almost one third of embattled President Michel Temer's Cabinet and many of his top allies. (AP Photo/Eraldo Peres)

SAO PAULO (AP) — A former construction executive says his company paid $40 million to Brazilian President Michel Temer's party and another party to ensure a contract with the state oil company.

In plea bargain testimony released late Wednesday, Marcio Faria says he was in a meeting with Temer and other politicians to "bless" the deal in 2010. Faria said no figures were discussed at the meeting, but the deal was clear: Odebrecht would pay the Brazilian Democratic Movement Party 5 percent of the value of a pending contract with Petrobras. That amounted to around $40 million.

Faria says Temer's party later decided to cut in the Workers' Party. At the time, Temer was the vice-presidential candidate on a ticket with Workers' Party presidential candidate Dilma Rousseff.

Temer's office denies the accusations.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs