(Photo: Camargo Corrêa)
Three former executives from one of Brazil’s largest construction conglomerates were sentenced Monday for money laundering and other charges for their roles in a graft ring that targeted state-controlled Petróleo Brasileiro SA.
The sentences mark the first handed down to senior executives from the building industry in the massive bid-rigging-and-bribery scheme.
Dalton Avancini, 48 years old, the former president of São Paulo-based Construtora Camargo Corrêa, was convicted of corruption, money laundering and belonging to a criminal conspiracy.
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