Here are highlights from Latin America in connection with corruption, enforcement, and compliance through May 2015.
Argentina: The Minister of Planning, Julio de Vido, and the governor of the Chubut province, Mario das Neves, are under investigation by the United States Securities and Exchange Commission for involvement in a bribery scheme to award oil contracts. The provincial prosecutor started a probe of alleged payments by BP Plc’s Argentine venture Pan American Energy LLC to extend the concession of the country’s main oil field.
Brazil: As Operation Carwash goes on, the Ministério Público Federal (Federal Public Prosecutor Office) won four decisions in court allowing the seizure of almost BRL 1 billion (more than $300 millions) in assets from companies involved in the Big Oily.
The original article can be found at www.fcpablog.com