AGL 37.90 Decreased By ▼ -0.12 (-0.32%)
AIRLINK 213.50 Increased By ▲ 16.14 (8.18%)
BOP 9.86 Increased By ▲ 0.32 (3.35%)
CNERGY 6.40 Increased By ▲ 0.49 (8.29%)
DCL 9.22 Increased By ▲ 0.40 (4.54%)
DFML 37.51 Increased By ▲ 1.77 (4.95%)
DGKC 100.70 Increased By ▲ 3.84 (3.96%)
FCCL 35.95 Increased By ▲ 0.70 (1.99%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 14.49 Increased By ▲ 1.32 (10.02%)
HUBC 133.76 Increased By ▲ 6.21 (4.87%)
HUMNL 13.70 Increased By ▲ 0.20 (1.48%)
KEL 5.63 Increased By ▲ 0.31 (5.83%)
KOSM 7.24 Increased By ▲ 0.24 (3.43%)
MLCF 46.12 Increased By ▲ 1.42 (3.18%)
NBP 61.17 Decreased By ▼ -0.25 (-0.41%)
OGDC 227.00 Increased By ▲ 12.33 (5.74%)
PAEL 41.40 Increased By ▲ 2.61 (6.73%)
PIBTL 8.61 Increased By ▲ 0.36 (4.36%)
PPL 202.40 Increased By ▲ 9.32 (4.83%)
PRL 39.94 Increased By ▲ 1.28 (3.31%)
PTC 27.72 Increased By ▲ 1.92 (7.44%)
SEARL 108.25 Increased By ▲ 4.65 (4.49%)
TELE 8.62 Increased By ▲ 0.32 (3.86%)
TOMCL 36.20 Increased By ▲ 1.20 (3.43%)
TPLP 14.24 Increased By ▲ 0.94 (7.07%)
TREET 24.38 Increased By ▲ 2.22 (10.02%)
TRG 61.15 Increased By ▲ 5.56 (10%)
UNITY 34.50 Increased By ▲ 1.53 (4.64%)
WTL 1.68 Increased By ▲ 0.08 (5%)
BR100 12,200 Increased By 473.7 (4.04%)
BR30 38,071 Increased By 1694.4 (4.66%)
KSE100 113,646 Increased By 4133.2 (3.77%)
KSE30 35,948 Increased By 1434.8 (4.16%)

A final report approved by a Brazilian congressional panel investigating corruption at state-run oil company Petrobras has blamed suppliers and rogue employees for the graft, rather than politicians or the company. The committee's final report did not criticise any politicians, including those closely associated with Petrobras, such as President Dilma Rousseff, who was chairwoman of the company's board when much of the corruption happened.
It also spared Eduardo Cunha, the speaker of the lower house who is under investigation by police and prosecutors for alleged corruption. Rousseff, who is facing a possible impeachment battle, has not been charged or accused by police or prosecutors of any criminal wrongdoing. The report, which followed eight months of investigation and was approved by a vote of 17 to 9 with one abstention, also denied "institutional corruption" existed at Petroleo Brasileiro SA, as the company is formally known.
Five amendments attempting to alter the text were rejected. The report has been criticised for failing to censure any politicians or two previous Petrobras chief executives. Approval of the report comes the week after Brazil's government said Swiss authorities froze $2.4 million in accounts held by Cunha.
Federal prosecutors are investigating Cunha over allegations made during plea bargains that he received a $5 million bribe as part of the Petrobras corruption scheme. Cunha, who is a member of Brazil's Democratic Movement Party, part of the ruling Workers' Party-led coalition, previously told the committee he had no Swiss bank accounts. The committee's official rapporteur, Luiz Sergio N?brega de Oliveira, a member of the Workers' Party, said his panel received no proof Cunha had bank accounts abroad.
The final report criticises police and prosecutors handling of the Lava Jato or "Car Wash" probe into contract fixing, bribery and political kickbacks at Petrobras. The report also criticises the use of "an excess" of plea-bargains in exchange for reduced sentences to win confessions from key players in the case. The report says there was no proof that money was diverted from Petrobras projects to politicians.

Copyright Reuters, 2015

Comments

Comments are closed.