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    BRKM5   BRBRKMACNPA4

BRASKEM S.A.

(BRKM5)
  Report
End-of-day quote. End-of-day quote Bolsa de Valores de Sao Paulo - 07/29
59.36 BRL   +0.44%
09:10aBRASKEM S A : 2020 Tax Report
PU
07/23BRASKEM S A : PRODUCTION & SALES REPORT SECOND QUARTER 2021 (Form 6-K)
PU
07/22BRASKEM S A : NOTICE TO THE MARKET (Form 6-K)
PU
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Braskem S A : U.S. charges ex-Austrian bank CEO in Odebrecht bribery scheme

05/25/2021 | 07:35pm EDT
The corporate logo of the Odebrecht SA construction conglomerate is pictured at its headquarters in Sao Paulo

NEW YORK (Reuters) - U.S. prosecutors said the former chief executive of an Austrian bank was arrested on Tuesday and charged with involvement in a long-running bribery and money-laundering conspiracy involving the Brazilian construction company Odebrecht SA.

Peter Weinzierl and co-defendant Alexander Waldstein, both of Austria, were accused of conspiring from 2006 to 2016 with Odebrecht and others to launder money in a scheme involving the use of slush funds to pay hundreds of millions of dollars in bribes to public officials.

Weinzierl is a former chief executive of Meinl Bank, later renamed Anglo Austrian AAB Bank, and a deputy chairman at the House of Julius Meinl, according to Meinl's website.

The U.S. attorney's office in Brooklyn, New York said Weinzierl was arrested in the United Kingdom pursuant to a U.S. request while Waldstein, an officer at Weinzierl's bank, remained at large. Both were also directors at an affiliated bank in Antigua, the office said.

Lawyers for both defendants could not immediately be located. Meinl did not immediately respond to requests for comment outside U.S. business hours.

Prosecutors said the defendants and their co-conspirators used fraudulent transactions and sham agreements to move more than $170 million from New York bank accounts through their bank, and to offshore accounts secretly controlled by Odebrecht.

According to prosecutors, some suspect payments went to government officials in Brazil, Mexico and Panama, and Odebrecht evaded more than $100 million of Brazilian taxes by improperly deducting fraudulent payments from reported profits.

Both defendants were charged in an indictment unsealed on Tuesday with two money laundering counts and one conspiracy count, while Weinzierl was also charged with a money laundering spending offense.

In December 2016, Odebrecht and its parent Braskem SA, Brazil's largest petrochemicals company, pleaded guilty and agreed to pay $3.5 billion to settle bribery-related charges by U.S., Brazilian and Swiss regulators.

Odebrecht changed its name in December to Novonor SA.

The case is U.S. v Weinzierl et al, U.S. District Court, Eastern District of New York, No. 20-cr-00383.

(Reporting by Jonathan Stempel in New York; Editing by Stephen Coates)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BRASKEM S.A. 0.44% 59.36 End-of-day quote.151.85%
EURO / BRAZILIAN REAL (EUR/BRL) -0.68% 6.0258 Delayed Quote.-3.51%
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Financials
Sales 2021 95 620 M 18 818 M 18 818 M
Net income 2021 11 780 M 2 318 M 2 318 M
Net Debt 2021 33 245 M 6 543 M 6 543 M
P/E ratio 2021 4,18x
Yield 2021 0,00%
Capitalization 46 539 M 9 213 M 9 159 M
EV / Sales 2021 0,83x
EV / Sales 2022 0,96x
Nbr of Employees 4 700
Free-Float 25,4%
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Technical analysis trends BRASKEM S.A.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 59,36 BRL
Average target price 52,01 BRL
Spread / Average Target -12,4%
EPS Revisions
Managers and Directors
Roberto Lopes Pontes Sim§es Chief Executive Officer & Director
Pedro van Langendonck de Freitas CFO, Head-Procurement & Institutional Relation
JosÚ Mauro Mettrau da Cunha Chairman
Daniel Sales Corrŕa Head-Investments & Digital Technologies
Gesner JosÚ de Oliveira Filho Independent Director
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