The Globlization of the Brazilian Economy has Brought Brazil Increased Foreign Investment, Economic Prosperity, and Government Corruption by International Foreign Corrupt Practices Act Lawyer Jason S. Coomer

Brazilian Government Official Bribe Lawsuit, Brazilian Government Official Illegal Kickback Lawsuit, & Brazil Foreign Corrupt Practices Bounty Action Information by US SEC Brazil Bribe Bounty Lawyer & Brazil Foreign Corrupt Practices Whistleblower Lawyer Jason S. Coomer

In 2011, Brazil became the sixth largest economy in the world.    One of the reasons for the growth of the Brazilian economy is that over the last several years the Brazilian government has put in place several policies to encourage foreign investment into Brazilian economy.  These policies have encouraged international commerce and increased Brazil's presence in the global economy.  Through these policies, the Brazilian economy has expanded rapidly with large amounts of foreign direct investments coming into the country.  Foreign companies are now moving into Brazil at a record pace, and many Brazilian companies are expanding internationally.  For foreign investors and large multinational corporations, the battle to invest into the Brazilian economy and potentially reap huge rewards has become extremely competitive.  This fierce competition combined with the Brazilian history of government corruption will be a test for many new anti-bribery and anti-corruption laws that have been passed around the world and are being considered in Brazil.

Foreign Corrupt Practices Act Prohibits Bribes of Government Officials and Bounty Actions Allow Whistleblowers to Confidentially Report Violations Through Bounty Action Lawyers and Potentially Claim Large Rewards

The Foreign Corrupt Practices Act (FCPA) prohibits bribery of foreign officials by U.S. companies and foreign companies listed on the U.S. securities exchange.  The Foreign Corrupt Practices Act (FCPA) also requires such companies to maintain accurate books and records.  Foreign Corrupt Practices Act Whistleblowers that properly report violations of the Foreign Corrupt Practice Act by a U.S. or foreign companies listed on the U.S. securities exchanges can recover a large reward for exposing Foreign Corrupt Practices Act (FCPA) violations. 

By combining the Foreign Corrupt Practices Act with the new SEC Whistleblower Incentive Program, whistleblowers with original and specialized knowledge and evidence of corporate bribery and illegal kickbacks are eligible to recover large economic awards.  By gathering this evidence and going through a lawyer, these whistleblowers can protect their identity through the process and potentially collect large rewards of 10% to 30% of the monetary sanctions including disgorged funds. 

Please keep in mind that the Foreign Corrupt Practices Act Bounty Action Whistleblower may be entitled to not only the amount of the illegal bribe or kickback, but the benefit of the illegal bribe or kickback.  As such, in cases where $50,000.00 bribe is made to obtain a $200 million building project such as a hospital or pipeline, the Foreign Corrupt Practices Act Bounty Action Whistleblower may be entitled to 10 to 30% of the $200,000,000.00 and the $50,000.00 translating into over a $20 million to $60 million award.

Brazilian Government Official Corruption, Brazilian Public Official Bribes, Brazilian Multinational Corporation Bribes, and Brazil Government Official Illegal Kickbacks Result in Political Action to Adopt Anti-Bribery Laws and Policies Similar to the US Foreign Corrupt Practices Act, UK Anti-Bribery Act, and other Global Trade Anti-Corruption Policies

With the rapidly expanding Brazilian economy, foreign direct investments into Brazil, and Brazilian companies expanding into other countries have come allegations of government official bribes, government agent kickbacks, fraud, embezzlement, and other forms of corruption. Included in these Brazilian government corruption scandals are several government officials that are being forced to resign, while other government officials in President Dilma Rousseff’s cabinet are under investigation for government corruption.  In the aftermath of these corruption scandals, the Brazilian Congress is in the process of enacting new law that would dramatically strengthen the Brazilian foreign bribery laws.  The foreign anti-bribery law is part of a global trend where governments around the world are cracking down on large corrupt multinational corporations that are offering bribes and kickbacks to government officials in order to obtain large government contracts, avoid health & safety regulations, bypass environmental laws, and exploit populations in foreign countries. 

It is thought that these Brazilian anti-bribery and anti-corruption reforms will improve Brazil's ability to attract legitimate foreign investment as well as improve Brazilian multinational corporations' ability to expand throughout South America, Latin America, and the world.  As Brazilian-based multinationals continue to expand internationally, they will want to ensure that they are protected from corrupt practices by other large multinational corporations and are given a fair chance to legally expand their businesses into international markets. 

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A key Brazilian industry is the petrochemical industry.  With large natural reserves of oil and gas combined with foreign direct investments of technology, Brazil will soon pass China and the United Arab Emirates to become world's fifth largest oil producing nation, only behind Russia, Saudi Arabia, the USA and Iran.  Much of Brazil's oil and gas production comes from offshore drilling in deep water reserves.  Included in these deep water oil and gas reserves is the Santos Basin, which is located in the south Atlantic Ocean.  The Santos Basin is approximately 300 kilometers south east of Sao Paulo and is one of the world's largest oil prospects.  The Santos Basin is situated in deepwater and includes the large Tupi and Jupiter oil fields.  The Santos Basin also includes the Carioca/Sugar Loaf field which could contain as many as 40 billion barrels. 

The production of the Tupi and Jupiter fields combined with the development of production in the Sugar Loaf field should enable the Brazilian Oil Industry to bring in vast amounts of foreign capital into Brazil and allow Brazil to keep advancing its drilling technologies and developing its petrochemical infrastructure.  The rigs, platforms and tankers that will service and harvest Brazil's reserves in the coming years will probably be constructed using local suppliers, manpower and facilities instead of outsourcing to third party companies that do not feed directly into the local/national economy, however, deep technology and capital from around the world will be needed to develop the infrastructure and train the work force.  

The Brazilian energy industry is dominated by the Brazilian multinational energy company, Petrobras.  Petrobras is the forth largest company in the world measured by market capitalization.  It is also Brazil's semi-public oil company that is public and private hybrid.  As Brazil's public oil company, Petrobras has a goal of directing over 50% of its future oil and gas contracts to local Brazilian companies.  This protectionist economic policy is designed to help develop the Brazilian petrochemical industry and to limit the influence of foreign multinational oil companies on the Brazilian economy.  However, avoiding corruption including Santos Basin lease bribes, Petrobras employee bribes, Brazilian government official bribes, Petrobras oil lease bribes, and other potential Petrobras corruption may prove difficult as the historical culture of Brazilian business and Brazilian government includes substantial corruption.

Petrobras has pledged a $224 billon investment in the Santos Basin through 2014 which should be able to bring in advanced technology and industry from large foreign multinational energy companies.  This large amount of investment capital combined with the vast rich Brazilian oil and gas reserves, will bring in fierce competition for these large Brazilian contracts, Brazilian offshore drilling leases, and Brazilian leases.  This fierce competition over these huge riches will definitely test the Brazilian government as to if corrupt practices will continue to be common in Brazil or will new anti-bribery laws, whistleblowers, informants, honest Petrobras employees, honest government officials, and honest Petrobras officers be able to manage these resources for the good of the Brazilian economy and Brazilian people?

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Corrupt Foreign Multinational Oil Companies, Multinational Construction Companies, and Multinational Energy Companies that pay illegal kickbacks and bribes to Brazilian government officials and former Brazilian government officials in exchange for Brazilian drilling contracts, Brazilian pipeline contracts, Brazilian oil leases, Brazilian offshore drilling contracts, Brazilian infrastructure contracts, and other Brazilian large building projects can be brought to justice and made to pay large penalties under the Foreign Corrupt Practices Act.  The whistleblowers that bring these corporations to justice may be able to collect large economic rewards under the  Securities Exchange Act (SEC Whistleblower Bounty Actions) and the Commodity Exchange Act (CFTC Whisteblower Bounty Actions).

For more information on  Brazilian Bribe Confidential Whistleblower Bounty Actions, Brazilian Corrupt Government Official Anonymous Whistleblower Bounty Actions, Brazil Government Agent Whistleblower Reward Lawsuits, Multinational Energy Company Contract Bribe Whistleblower Bounty Actions and discussion of the Brazilian Economy and Brazilian Government Corruption, please go to the following webpage: Brazilian Government Official Bribe Lawsuit, Brazilian Government Official Illegal Kickback Lawsuit, Brazil Foreign Corrupt Practices Bounty Action Lawsuit, Brazil Bribe Confidential Whistleblower Reward Lawsuit, Multinational Oil Company Bribe Lawsuit, & Brazil Illegal Bribe Bounty Action Lawsuit Information