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February 17 (United Press International) — The U.S. Justice Department indicted a Connecticut man and a foreign national on corruption and money laundering charges in connection with planning to bribe Brazilian officials to secure contracts with Brazil’s state-owned energy company.
Glenn Oztemel, 64, of Westport, Connecticut, and Eduardo Inneco, 73, a dual citizen of Brazil and Italy, are suspected of bribing Brazilian officials, according to court documents.
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The Justice Department said the scheme took place between 2010 and 2018, when the two allegedly bribed Petrobas energy company officials. The alleged bribery was to win Petrobas’ contracts for two trading companies.
Oztemel and Innecco face charges of violating the Foreign Corrupt Practices Act and conspiracy to commit money laundering. They each face three counts of violating the FCPA and two counts of money laundering.
“They face up to five years in prison on each of the bribery conspiracy and bribery charges, and up to 20 years on each of the money laundering conspiracy and money laundering charges,” the Justice Department said in a statement.
As the unsealed indictment states, “Oztemel and his co-conspirators caused Trading Company #1 and Trading Company #2 to make corrupt payments to Innecco—disguised as so-called consulting fees and commissions, knowing that Innecco would pay a portion of the These funds were offered to Brazilian officials as bribes. To conceal this scheme, Oztemel, Innecco, and their co-conspirators allegedly used coded language to refer to the bribes and communicated using personal email accounts, fictitious names, and encrypted messaging applications.”
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