A former sales executive of Embraer SA was sentenced Wednesday to time served and fined $25,000 for paying a bribe to help sell jets to the giant oil company, Saudi Aramco.… Continue Reading
A former sales executive of Embraer S.A. pleaded guilty Thursday in federal court in New York City for bribing a foreign official in exchange for help selling jets to Saudi Aramco.… Continue Reading
Saudi Aramco reportedly confirmed Friday that one of its employees took a bribe for arranging a deal with aircraft maker Embraer SA.
Saudi Aramco told the Wall Street Journal an internal investigation found that an unnamed employee took a bribe in 2010 for “facilitating the purchase of three aircraft from Embraer.” … Continue Reading
Two recent enforcement actions included disgorgements to the SEC that are among the ten biggest FCPA disgorgments of all time.
As part of its $412 million resolution with the DOJ and SEC in late September, hedge fund manger Och-Ziff Capital Management Group (and its affiliate OZ Africa Management GP LLC) agreed to disgorge about $199 million to the SEC.… Continue Reading
Brazilian aircraft manufacturer Embraer SA is paying more than $205 million to the DOJ and SEC to resolve violations of the Foreign Corrupt Practices Act.
Embraer bribed officials in the Dominican Republic, Saudi Arabia, and Mozambique.… Continue Reading
Brazilian aircraft manufacturer Embraer SA said Friday it booked a $200 million loss contingency in connection with “allegations of non-compliance with the U.S. Foreign Corrupt Practices Act.”… Continue Reading
Authorities in Brazil filed a criminal action against eight Embraer SA employees for an alleged $3.5 million bribe to an official in the Dominican Republic in return for a $92 million contract for attack planes.… Continue Reading
Brazilian aircraft maker Embraer SA said Friday its FCPA investigation is ongoing and it’s still too early to tell what impact there might be from the fall out.
The world’s third largest commercial aircraft manufacturer said its FCPA investigation has expanded to two more countries.
In 2010, Brazil-based Embraer S.A. disclosed an investigation focused on three countries.
Last week, Embraer said the investigation is still in its early stages and it’s too early for the company to know or talk about what might happen.… Continue Reading