Other
Pittsburgh, Pennsylvania, United States
Nationality of Foreign Officials: Brazil
Summary of Allegations:
Apolo Tubulars, 50% owned by U.S. Steel, along with Tenaris Confab, acquired by Luxembourg-based Tenaris SA, allegedly paid approximately USD 11.2 million in bribes to politicians from 2009 to 2013 to secure energy contract worth approximately USD 1.4 billion with Petrobras.
Apolo Tubulars allegedly overcharged Petrobras, then used the excess money to bribe the high-level officials.
Approximate Alleged Payments to Foreign Officials: USD 11.2 million
Business Advantage Allegedly Obtained: to secure energy contract worth approximately USD 1.4 billion with Petrobras
Agencies: Brazil: Federal Police
Results:
Year Resolved:
Compliance Monitor:
Ongoing: Yes
Details:
The Federal Police conducted a raid on Apolo Tubulars on 24 May 2016, and called in 11 people between Apolo Toubulars and Tenaris Confab for questioning.
Agencies: Internal Investigation
Results:
Year Resolved:
Compliance Monitor:
Ongoing: Yes
Details:
U.S. Steel said it is reviewing the allegations in connection with Apolo Tubulars and Apolo Tubulars is cooperating with the authorities.
Confab also indicated that its cooperating wiht the authorities but maintained that the company has no evidence that its employees paid bribes.
Discovery Method: Unspecified
Details:
Country: Brazil