Embraer Settles Corruption Probe for $205 Million | Aviation International News

Embraer Settles Corruption Probe for $205 Million

Six-year investigation finds wrongdoing in four separate deals

Among several incidents of corruption for which it will pay fines totaling $205 million, Embraer allegedly secured an order for two E190s from LAM Mozambique with the help of a $800,000 bribe to a Mozambican government official. (Photo: Flickr: Creative Commons (BY-SA) by Hawkeye UK)

By Gregory Polek • Senior Editor

October 24, 2016

Embraer has agreed to pay some $205 million to settle corruption charges involving sales of military and civil airplanes to four customers. The agreements with the U.S. Department of Justice, the U.S. Securities and Exchange Commission, Brazil’s Ministério Público Federal (MPF) and the Brazilian Comissão de Valores Mobiliários (CVM) ends a six-year graft probe that found that Embraer paid bribes and created false records to conceal illicit payments.

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