Ex-Petrobras CEO Bendine Convicted of Corruption in Brazil

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Aldemir Bendine, the former chief executive of state-controlled oil firm Petroleo Brasileiro SA and Banco do Brasil, was found guilty on Wednesday of corruption charges and sentenced by a federal judge to 11 years in prison.

Judge Sergio Moro ruled that Bendine used his position at Petrobras to take 3 million reais ($924,527) in bribes from construction firm Odebrecht [ODBES.UL].

“The condemned took his position as CEO of Petrobras amid a corruption scandal and with the expectation that he would solve problems,” Moro wrote in his ruling. “The last behavior one would expect from him would be corruption, once again putting at risk the reputation of the company.”

Bendine’s legal team did not immediately reply to requests for comment. His attorneys said throughout the trial that he was innocent and that no company received special benefits from Petrobras or Banco do Brasil under his leadership.

Read the original article here: reuters.com


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