BRAZILIAN AIRLINE WILL PAY OVER $41 MILLION IN RESOLUTION OF FOREIGN BRIBERY INVESTIGATIONS IN THE US AND BRAZIL

A news release from US DoJ on 15 September advised that an airline headquartered in São Paulo, Brazil, will pay more than $41 million to resolve parallel bribery investigations by criminal and civil authorities in the US and Brazil. It is said that between 2012 and 2013, GOL conspired to offer and pay approximately $3.8 million in bribes to foreign officials in Brazil. Specifically, GOL caused multiple bribe payments to be made to various officials in Brazil to secure the passage of 2 pieces of legislation favourable to GOL. The legislation involved certain payroll tax and fuel tax reductions that financially benefitted GOL, along with other Brazilian airlines.

https://mondovisione.com/media-and-resources/news/us-department-of-justice-gol-linhas-areas-inteligentes-sa-will-pay-over-41/

https://fcpablog.com/2022/09/15/airline-pays-reduced-41-5-million-to-settle-fcpa-offenses/

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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

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