Brazil files charges against former executive of U.S company

FAN Editor

Brazilian prosecutors have filed corruption and money laundering charges against Paul Bragg, the former chief executive officer of Houston-based offshore drilling contractor Vantage Drilling

Federal prosecutors said in a Thursday night statement that Bragg was involved in the payment of $31 million in bribes to a former executive of state-owned oil company Petrobras.

Continue Reading Below

The statement says the bribe was paid to help Vantage win a $1.8 billion contract in 2009 to charter a drill ship to Petrobras.

The charges against Bragg are part of the probe into the corruption scheme at Petrobras and major construction companies through which kickbacks were paid for government projects.

In the last few years, dozens of politicians and top businessmen have been convicted and jailed.

Calls to Vantage Friday went unanswered.

Free America Network Articles

Leave a Reply

Next Post

Trump meets Queen Elizabeth at Windsor Castle

President Trump is meeting with Queen Elizabeth II of Great Britain at Windsor Castle, in Berkshire, on Friday. This is Mr. Trump’s first official meeting with the British monarch, who has met with nearly every single one of the last 12 American presidents. Before meeting the queen, he called her […]