Former Petrobras CEO Aldemir Bendine arrested in bribery scandal
Rio de Janeiro — Brazilian federal police on Thursday arrested former Petrobras CEO Aldemir Bendine on suspicion he received large bribes from construction conglomerate Odebrecht. In a statement, the prosecutor-general’s office said police had served three arrest warrants and executed 11 search and seizure orders as part of the so-called Car Wash investigation, which has ensnared senior executives and high-ranking politicians in Latin America’s largest economy. Legal representatives for Bendine were not immediately available to comment. Bendine served as CEO of Petróleo Brasileiro, as the state-controlled oil company is formally known, between 2015 and 2016, and as CEO of state-owned lender Banco do Brasil from 2009 to 2015. According to the statement, Bendine sought 17-million reais (about $5.4m) in bribes when he led Banco do Brasil to authorise the rollover of a loan to an Odebrecht unit. However, the company refused to pay him. Shortly before taking over as head of Petrobras, Be...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.