Embraer Admits Illicit Payments for Military Sales
by Chris Pocock and Neelam Mathews - October 28, 2016, 7:37 AM Embraer has agreed to pay some $205 million to settle corruption charges involving sales of military and civil airplanes to four customers. The agreements with the U.S. Department of Justice, the U.S. Securities and Exchange Commission (SEC), Brazil’s Ministério Público Federal (MPF) and the Brazilian Comissão de Valores Mobiliários (CVM) end a six-year graft probe that found that Embraer paid bribes and created false records to conceal illicit payments. But further action could be taken against Embraer in India, concerning the acquisition of three EMB-145 aircraft for conversion to the AWACS role, suggested the Indian defense minister. Three EMB-145 turboprop airliners were converted in India for the AWACS mission. (Photo: Neelam Mathews) This inquiry began in 2010, when U.S. authorities questioned Embraer about “potential no...