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Brazil's Federal Court Condemns OAS CEO and Executives Over Petrobras Corruption Scheme

08/06/2015 - 09h41

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ESTELITA HASS CARAZZAI
FROM CURITIBA

The Federal Court in the State of Paraná condemned on Wednesday (5) five executives of the contractor OAS for corruption, money laundering and organized crime on another sentence over the bribery scheme at Petrobras.

They should serve up to 16 years in prison. They can appeal against the decision.

Former company's chairman, José Aldemário Pinheiro Filho - known as Leo Pinheiro -, was sentenced to 16 years and 4 months of imprisonment, as well as Agenor Franklin Magalhães Medeiros, former director of OAS international department.

Mateus Coutinho de Sá Oliveira, OAS former financial director, and José Ricardo Nogueira Breghirolli, an OAS employee appointed as responsible for the contact with black market money dealer Alberto Youssef, were sentenced to 11 years for money laundering and organized crime.

Executive Fernando Augusto Stremel Andrade was convicted for money laundering and will do community services for four years.

The OAS embezzlement reached approximately US$8.6 million (R$ 30 million); money retrieved from Petrobras' contracts, according to federal prosecutors.

According to the lawsuit, OAS paid 1% fee on the value of the contracts to Paulo Roberto Costa, former supply director at the state-owned oil company Petrobras.

On Wednesday (5), Edward Rocha de Carvalho, one of the lawyers of Leo Pinheiro and the OAS executives, told Folha the condemnation was already expected by the defence and he also criticized Judge Sergio Moro.

"Today's sentence is just the confirmation of the prejudgment that ran throughout this process," he said.

Carvalho said the defence will appeal the decision. "Now, we will begin to discuss the issue in other courts that are impartial".

Translated by JULIANA CALDERARI
 
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