Brazil court mulling penalties for Andrade Gutierrez

Thursday, February 1, 2018

Brazil's federal audit court (TCU) is considering a hefty fine and other penalties for construction firm Andrade Gutierrez due to its alleged involvement in irregularities in the construction of the Angra 3 nuclear power plant.

The TCU is evaluating the case, which could result in the company being barred from participating in any tender held by the government or state-run firms for five years, according to O Estado de S. Paulo newspaper.

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The court may also fine Andrade Gutierrez 1.4bn reais (US$440mn), said the paper, which did not reveal its sources.

Work on Angra 3 was halted in 2015 after the consortium responsible for building the 1.4GW plant near Rio de Janeiro became a target of the Lava Jato corruption probe.

The TCU is expected to take a final decision regarding Andrade Gutierrez in the next 90 days. The court alleged the company is not collaborating with the investigation and also is not admitting any wrongdoing.