Brazilian prosecutors say Gerdau executives involved in corruption scandal

Tuesday, 29 August 2017 23:54:16 (GMT+3)   |   Sao Paulo

Brazil’s public ministry, MPF, a body of public prosecutors, has denounced in a lawsuit several former and existing Gerdau executives for the crimes of passive and active corruption as well as money laundering.

The lawsuit, which also accuses 11 lawyers as well as former advisors of the country’s board of tax appeals (Carf), is part of the Zelotes operation, which has been investigating a corruption scheme involving Carf since 2015. Since then, Gerdau has denied any wrongdoing.

MPF said Gerdau paid BRL 40 million in bribes for Carf’s former advisor, José Ricardo Silva, in exchange for the annulment of the company’s debt. Gerdau reportedly has some BRL 4 billion in tax debts with Carf.

The former Gerdau executives supposedly involved in the corruption scandal who were denounced by MPF include Expedito Luz, former legal director; Marco Antonio Biondo Pereira Mattos, former legal consultant; and Raul Fernando Schneider, former accountability consultant.


Similar articles

Brazil's wire rod exports and imports rise in July with more sales to US

17 Aug | Steel News

Brazil's rebar exports and imports increase in July

13 Aug | Steel News

Gerdau net profit rises 70 percent in Q2 2026 versus year ago

05 Aug | Steel News

Brazilian HRC exports increase in June as shipments to the US rise 23 percent

22 Jul | Steel News

Brazil’s rebar exports and imports fell in June, Secex says

17 Jul | Steel News

Brazil's heavy plate exports and imports surged in June

14 Jul | Steel News

Fitch Ratings revises Gerdau outlook from stable to positive

03 Jul | Steel News

Gerdau to assume full control of COPEL hydroelectric plant in Brazil

19 Jun | Steel News

Brazilian HRC exports fall as shipments to South America drop 53 percent in May 2026

18 Jun | Steel News

Brazil’s rebar exports and imports increased in May

16 Jun | Steel News