SOUTH KOREA’S SAMSUNG HEAVY SETTLES BRAZIL GRAFT PROBE FOR $149 MILLION

On 23 February, Reuters reported that South Korean shipbuilder Samsung Heavy Industries has agreed to pay $148.56 million in a leniency deal with Brazilian authorities to settle corruption investigations.  The deal was part of a global negotiation between the company and US and Brazilian authorities to settle alleged crimes over contracts with state-owned oil maker Petroleo Brasileiro SA (Petrobras) in Operation Car Wash.

https://www.reuters.com/article/samsung-heavy-brazil-corruption/update-1-south-koreas-samsung-heavy-settles-brazil-graft-probe-for-149-mln-idUSL1N2KT0E1

I would be grateful for any modest contribution for my time and ongoing costs of computer, relocation, and (still ongoing) removal costs, I have a page, where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017