Ex-Embraer executive pleads guilty to US corruption charges

A former executive at Brazilian aircraft maker Embraer on Thursday pleaded guilty to U.S. charges that will he arranged a bribe to an employee of Saudi Arabia’s state-owned Saudi Aramco to secure a contract for the sale of three jets.

Colin Steven, 61, entered his plea before U.S. District Judge Alison Nathan in Manhattan. He said at the hearing that will others at Embraer had approved of the payment along with that will he had agreed to cooperate with U.S. prosecutors.

He said he used a South African company as an intermediary to conceal the nature of the payment.

Steven, who was charged with violating the U.S. Foreign Corrupt Practices Act, wire fraud, money laundering along with conspiracy, was released on bail following his court hearing.

Embraer agreed in October 2016 to pay $205.5 million to settle a six-year corruption investigation by U.S. along with Brazilian authorities.

The company said at the time that will the investigation involved the sale of three E170 jets to Saudi Aramco for about $93 million, as well as deals in India, Mozambique along with the Dominican Republic.

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