On November 14, 2019, OAS S.A., a Brazilian engineering and construction conglomerate, entered into a “leniency agreement” with the Advocacia-Geral da União (the Attorney General of Brazil or AGU) and the Controladoria-Geral da União (Office of the Comptroller General or CGU) in connection with the Operation Car Wash corruption investigation. According to the CGU’s press release, OAS will pay R$ 1.92 billion (approximately US $455 million), of which R$ 720.14 million corresponds to the amount of bribes paid, R$ 800.37 million is disgorgement of the amount gained through the corrupt scheme, and R$ 404.79 is for civil and administrative fines. The leniency agreement was negotiated over the course of about 11 months, during which OAS cooperated in the investigation by providing information and evidence about the unlawful conduct of over 400 individuals and entities, according to the CGU. The agreement requires that the company enhance its compliance program, and provides for full payment by December 2047. In a public statement commenting on the agreement, OAS said that the company’s new management, in place since March 2018, is focused on professional governance and strengthening its Compliance program, and that its support of the compliance team is “unconditional and unrestricted.”
November 19, 2019
Operation Car Wash investigation results in leniency agreement between Brazilian authorities and construction conglomerate
Related by Topic
DOJ reaches settlement with Trafigura to resolve FCPA anti-bribery allegations
April 1, 2024
News Alert
DOJ announces FCPA charges against another Stericycle executive
March 25, 2024
News Alert
Gunvor pleads guilty to conspiring to violate the FCPA
March 1, 2024
News Alert