3 construction company executives convicted in Brazil's Petrobras scandal

Markets Associated Press

Three top officials of Brazil's Camargo Correa construction company have become the first business executives to be convicted in the corruption-kickback scandal engulfing state-run oil company Petrobras.

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The Federal Prosecutor's Office says Judge Sergio Moro on Monday sentenced the three on charges of money laundering, corruption and racketeering. Moro is overseeing the investigation of Petrobras.

Dalton Avancini, Camargo Correa's chief executive officer; Eduardo Leite, the company's vice president; and Joao Auler, the company's chairman, were convicted on charges of money laundering, corruption and racketeering.

Also on Monday, federal police asked prosecutors to file charges against Marcelo Odebrecht, president of Brazil's largest construction firm, on charges of alleged involvement in the Petrobras scheme.