PR Newswire
SAO JOSE DOS CAMPOS, Brazil, Oct. 24, 2016
SAO JOSE DOS CAMPOS, Brazil, Oct. 24, 2016 /PRNewswire/ -- Embraer S.A. (NYSE: ERJ; BM&F BOVESPA: EMBR3) announces to its shareholders and the market that it has finalized definitive agreements (Final Agreements) with the U.S. Department of Justice (DOJ) and the U.S. Securities and Exchange Commission (SEC) for the settlement of the allegations of criminal and civil violations of the U.S. Foreign Corrupt Practices Act (FCPA). The Company also finalized a term of undertaking (termo de compromisso e de ajustamento de conduta, TCAC) with the Brazilian Federal Public Prosecutor's Office (Ministerio Publico Federal, MPF) and the Brazilian Securities and Exchange Commission (CVM) for the resolution of allegations of violations of certain Brazilian laws.
Under the Final Agreements with the DOJ and the SEC:
Simultaneously with the Final Agreements, we finalized a TCAC with the MPF and the CVM to settle any potential claims that could be brought in court (acao civil publica) or through administrative proceedings (processo administrativo sancionador) in Brazil. The TCAC has also been approved by the relevant authorities and is fully effective.
Under the TCAC, we acknowledged violations of certain Brazilian laws between 2007 and 2011 and agreed to:
Under the TCAC, the MPF and the CVM acknowledged that (i) we voluntarily conducted a broad internal investigation, which assisted in uncovering facts that were the subject of criminal and administrative investigations, and (ii) we approached the Brazilian authorities pro-actively and in good faith, and they agreed that:
The Final Agreements and the TCAC represent the conclusion of the internal investigation of allegations of noncompliance with the FCPA and certain Brazilian laws in some aircraft sales outside Brazil.
Jose Antonio de Almeida Filippo
Executive Vice-President and Chief Financial Investor Relations Officer
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/embraer-sa-material-fact-300349914.html
SOURCE Embraer S.A.
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