Litigation related to the Anti-Corruption Law with Brazil's PPI as a co-defendant
First written in FY2019-Q2. 2 of 4 entries say "Restated". Latest entry: FY2026.
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- FY2026RestatedAnnual report
「PPI has never been investigated by the authorities in connection with the alleged misconduct, and the complaint provides no evidence whatsoever that PPI was involved in misconduct. The company therefore considers the claim to be without merit and will assert through the subsequent court proceedings that the plaintiff's allegations and claim are unjustified.」
The company has reiterated its previous position and litigation response policy regarding the Brazilian Anti-Corruption Law litigation in which PPI is a co-defendant. - FY2025MaterialisedAnnual report
「On 7 April of this year, CGU issued a decision imposing a fine of approximately BRL 560 million (approximately ¥14.0 billion) on the company and PPI. In its report dated 30 June 2021, the company explained that neither PPI nor the company was involved in the alleged misconduct, and this position remains unchanged. The company filed an objection to the decision on 16 April of this year.」
Regarding the Anti-Corruption Law matter involving PPI, CGU decided to impose a fine of approximately BRL 560 million, or approximately ¥14.0 billion, on the company and PPI. The company maintains its position that it was not involved and filed an objection. - FY2019RestatedAnnual report
「PPI has never been investigated by the authorities in connection with the alleged misconduct, and the complaint provides no evidence whatsoever that PPI was involved in misconduct. The company therefore considers the claim to be without merit and will assert through the subsequent court proceedings that the plaintiff's allegations and claim are unjustified.」
The company has reiterated its position and future response policy regarding the litigation related to the Anti-Corruption Law in which PPI is a co-defendant. - FY2019-Q2First statedAnnual report
「In September 2018, the company was served by Brazil's Federal Public Prosecutor's Office (Advocacia Geral da União) with a lawsuit naming Projeto de Plantas Industriais Ltda (PPI) (hereinafter, “PPI”), the company's Brazilian subsidiary, as one of the co-defendants. PPI, together with Odebrecht (Construtora Norberto Odebrecht S.A.) and UTC (UTC Engenharia S.A.) in a three-company consortium, received an order from Petrobras (Petroleo Brasileiro S.A.), Brazil's major state-owned energy company, in 2011 to construct utility facilities within the Comperj petrochemical complex in Itaboraí, Rio de Janeiro state (the “Project”), and carried out the construction work. The Federal Public Prosecutor's Office of Brazil alleges that acts violating the Anti-Corruption Law occurred in contracts with Petrobras relating to a total of 19 projects, including the Project involving Odebrecht, and is seeking joint and several payment of approximately BRL 11,098 million (approximately ¥297.0 billion) in damages and fines from a total of 20 companies and individuals, including companies and individuals involved in those 19 projects and Odebrecht. PPI has never been investigated by the authorities in connection with the alleged misconduct, and the complaint provides no evidence whatsoever that PPI was involved in misconduct. The company therefore considers the claim to be without merit and will assert through the subsequent court proceedings that the plaintiff's allegations and claim are unjustified.」
In September 2018, a lawsuit naming PPI as a co-defendant was filed, with the claim stated as approximately BRL 11,098 million, or approximately ¥297.0 billion, in damages and fines. The company states that there has been no investigation of PPI and no evidence of its involvement in misconduct, and considers the claim to be without merit. It will assert the unjustified nature of the claim in court.