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Posted by Ocean News
On 7 March 2017, a former chief executive of Brazilian government-controlled oil firm Petroleo Brasileiro SA (Petrobras), Aldemir Bendine, was convicted of corruption charges. His sentence, via a federal judge, was set at 11 years in prison.
The judge found that Bendine took approximately $925,000 in bribes from construction firm Odebrecht from 2015 to 2016, in exchange for favorable treatment from Petrobras. This is in addition to millions in bribes which prosecutors say Bendine sought when he led Banco do Brasil (2009 to 2015).
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