Saturday, 2 March 2019

Brazil to launch corruption probe into Vale dam disaster

BRASILIA (Reuters) - Brazil's authorities will investigate miner Vale SA over possible corruption in misleading officials about the safety of its dam that burst and killed hundreds, a spokeswoman for the Mines and Energy Ministry said on Friday. If found to have violated Brazil's 2013 anti-corruption law, Vale could face a fine of up to 20 percent of its 2018 gross revenue. In 2017, the company reported 109 billion reais ($28.79 billion) in revenue

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