Ex-Petrobras exec details history of bribery
Share this on

Ex-Petrobras exec details history of bribery

A former executive of Brazil’s state-run energy company says he started taking bribes from construction and engineering firms 18 years ago.

Pedro Barusco told a congressional panel investigating the kickback-corruption scheme engulfing Petrobras that he began accepting bribes in 1997.

Federal prosecutors say the scheme involved payment of at least $800 million in bribes and other funds by big construction and engineering firms in return for inflated contracts with Petrobras. They have said that part of that money was transferred to the governing Workers Party and other top parties for political campaigns.

Barusco told lawmakers Tuesday that as part of a plea bargain deal with prosecutors, he has agreed to repatriate some $100 million he deposited in bank accounts overseas.

Associated Press