SEC
Whistleblower
Attorneys

December 26, 2018

Centrais Elétricas Brasileiras S.A. (a/k/a Electrobras)

Foreign Corrupt Practices Act

SANCTION AMOUNT: $2500000

Defendants: Centrais Elétricas Brasileiras S.A. (a/k/a Electrobras)

According to the SEC's order, former officers at an Eletrobras subsidiary engaged in an long-running illicit bid-rigging and bribery scheme among certain private Brazilian construction companies involving the construction of a nuclear power plant. Respondent agreed to settle charges that internal control weaknesses directly contributed to the bribery scheme.

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