Second Brazil State-Run Energy Giant Readies Its Own Graft Writedowns

摘要

A year after Brazilian oil giant Petroleo Brasileiro SA took a writedown of $2.1 billion because of the sweeping corruption scandal known as Carwash, another state-run company is getting closer to reporting its own price tag from graft losses. The team of lawyers and specialists Centrais Elet-ricas Brasileiras SA hired has finished most of its inves- tigation to assess the size of losses from corruption committed by some builders the company contracted with, a person familiar with the matter who isn't authorized to speak publicly, said April 5. Before it can finish its work, the group needs one more piece to the puzzle: testimony given to federal prosecutors in March by executives from Andrade Gutierrez SA, a construction firm that worked on key projects, from the Belo Monte Dam deep in the Amazon jungle to the Angra nuclear plant tucked in a Rio de Janeiro bay, said the person.