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OECD requires Brazil to be harder against corruption involving foreign companies

Entity has published a series of suggestions to be adopted by the government Brazil was publicly demanded by the Organization for Economic Cooperation and Development (OECD) to be tougher against corruption involving foreign companies. A document of 99 pages published in Paris says the country has investigated a few cases and suggests that the country is more "proactive in the detection, investigation and prosecution of foreign bribery."

While authorities in Brazil are investigating allegations of corruption at Petrobras, the OECD document says that the country "must take advantage of the positive momentum created by the new Law on Corporate Responsibility and the first indictment in a case of foreign bribery to investigate and prosecute more proactively foreign bribery".

The text makes reference to the law enacted last year that changed the regime of accountability of those involved in corruption - especially businesses. Additionally, Petrobras State was cited on a complaint from a former employee of SBM Offshore, a Dutch company that rents ships deck. According to the lawsuit in Justice of the Netherlands, Petrobras employees received bribes to do business with the company.

The OECD demands Brazil and argues that the country has investigated just a little some allegations of corruption. "Since Brazil acceded to the Convention (to combat corruption by foreign companies) in 2000, of the 14 claims identified in the report, only 5 were investigated, and three are still in progress", the report says. "A very low number, considering the size of Brazil's economy".

Before the diagnosis, the OECD published a series of suggestions to be adopted by the Brazilian government. Among the actions the entity has two suggestions to protect those who denounce cases of corruption and encourage more cases of whistle blowing. The report suggests that Brazil adopt "comprehensive whistleblower protection, extended to private sector workers in order to protect those who report foreign bribery". In addition, the document urges the government to "monitor the enhanced arsenal that is available to the Brazilian authorities in order to encourage voluntary reporting to uncover the foreign bribery, including cooperative agreements and bribes for leniency with individuals and companies."

Furthermore, the OECD has demanded that the government regulates aspects related to anti-corruption law enacted last year. Among the points, the entity asks for being enlightened "to the determination of liability and sanctions procedure to ensure that the benefits of the legislation can be harvested."

Source - Estadão Conteúdo

Version: Grazielle Segeti



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