terça-feira, 24 de maio de 2016

BRAZIL POLICE PROBE U.S. STEEL VENTURE, TENARIS UNITY

Brazilian police said on Tuesday they investigated local units of three international steelmakers in a second day of raids probing graft at the country's state-controlled oil producer, Petroleo Brasileiro SA.
Police and prosecutors allege that Apolo Tubulars, which is 50 percent owned by United States Steel, and Luxembourg-based Tenaris SA's Brazilian unit Confab were involved in graft at Petrobras, as the oil company is known. Tenaris is part of Italian-Argentine steel group Techint.
Police said they had no proof of corruption at French pipe-maker Vallourec SA but were continuing their investigation of the company's Brazilian unit, also known as V&M.
Rio de Janeiro-based Interoil Representações Ltda also arranged bribes for Petrobras, police said. Interoil Representações declined to speak with Reuters.
In Brazil, Interoil Representações owns 5 percent of the Brazilian unit of German oil tank company Oiltanking GmbH. Oiltanking's Brazilian lawyer did not return calls for comment.

U.S. Steel did not return calls or an email requesting comment. Apolo Tubulars said it was cooperating with authorities but had no other comment. Tenaris officials did not immediately respond to requests for comment, but Confab said it has no evidence its employees paid bribes and is collaborating with authorities.

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