Wednesday 25 November 2020

Dutch shipbuilder IHC ‘under investigation’ in Brazil over bribery claim

The IHC wharf in Rotterdam port. Photo: Stephen Cook via Wikimedia Commons

An investigation has begun into Dutch shipbuilder IHC in connection with a corruption scandal in Brazil, the Financieele Dagblad said on Tuesday.

The FD says Brazilian court documents suggest the research focuses on 2013, when IHC was given a €1bn order to build six ships to be used in laying underwater pipes. The probe is part of a far wider corruption investigation known as Operation Car Wash which focuses on state oil company Petrobras.

The order was won through an intermediary who may have been been bribed with payments of up to €14m, the paper said.

The Brazilian authorities carried out house searches and seizures in the case last week, the paper said.  However, a spokesman for the company said it had not been informed by either the Dutch or Brazilian authorities about an investigation.

In April IHC was given a direct loan from the government and a guarantee to cover part of its bank debts and stave off bankruptcy in a deal worth €325m.

Thank you for donating to DutchNews.nl

The DutchNews.nl team would like to thank all the generous readers who have made a donation in recent weeks. Your financial support has helped us to expand our coverage of the coronavirus crisis into the evenings and weekends and make sure you are kept up to date with the latest developments.

DutchNews.nl has been free for 14 years, but without the financial backing of our readers, we would not be able to provide you with fair and accurate news and features about all things Dutch. Your contributions make this possible.

If you have not yet made a donation, but would like to, you can do so via Ideal, credit card or Paypal.