Financial Crime Financial Crime

Honeywell subsidiary used portion of agent’s commission to pay bribe to Petrobras official in Brazil, US documents say

By Samuel Rubenfeld
  • 19 Dec 2022 22:38
  • 19 Dec 2022 22:38
A subsidiary of oil-services company Honeywell International Inc. agreed to pay a $4 million bribe to a high-ranking executive of Petroleo Brasiliero SA out of the commission a Brazilian sales agent would receive over a contract with the state energy firm, according to documents released today by US authorities.

Honeywell UOP, based in

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Samuel Rubenfeld

Reporter


Samuel Rubenfeld is a reporter covering cases of bribery and corruption and some international trade issues. Prior to joining MLex, he was editor of the Kharon Brief, a news and data analysis platform focused on global security issues, including sanctions and export controls. Earlier in his career, Rubenfeld spent about a decade at The Wall Street Journal, including nearly nine years as a reporter covering corporate risk and compliance concerns such as bribery, money laundering, sanctions, terrorist financing and whistleblowers.

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