Brazil Company Wants to Pay Executives to Confess to Corruption
- Toll-road operator CCR caught up in Carwash investigation
- Company wants to pay executives to admit to wrongdoing
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CCR SA, Brazil’s largest toll-road operator, is heading to a first-of-its kind shareholders’ meeting on a prickly subject: corruption.
The Sao Paulo-based company is asking its investors to approve a deal it closed with a Brazilian court to clear it of corruption charges. As part of the agreement, CCR will pay a total of 71 million reais ($18 million) to 15 former executives so they reveal details of wrongdoing they were involved with to prosecutors.