The Business Times

Embraer probed for bribery in plane deals

Alleged graft involves officials in Argentina and Dominican Republic

Published Sun, Nov 3, 2013 · 10:00 PM
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[SAO PAULO] US and Brazilian authorities are investigating whether Embraer SA bribed officials in Argentina and the Dominican Republic to secure deals for commercial and defence aircraft, according to legal documents obtained by Reuters.

The investigations involve the sale of 20 passenger jets to an Argentine state airline, worth about US$900 million at Embraer list prices, and a US$92 million deal with the Dominican armed forces for eight Super Tucano light attack planes.

The world's third-largest commercial planemaker disclosed two years ago that it had been under investigation by the US Department of Justice and the Securities and Exchange Commission since 2010 regarding sales of aircraft abroad.

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