Hypermarcas says former executive authorized expenses on his own initiative.
Brazilian pharmaceutical and consumer goods company Hypermarcas reported that former executive Nelson Mello paid R$ 30 million to two lobbyists to facilitate payments to PMDB senators, including the president of Congress, Renan Calheiros (PMDB-AL), and Romero Jucá (PMDB-RR). "Following the departure of the former executive, the company hired renowned external consultants to conduct an audit, now completed, which concluded that Mr. Mello authorized, on his own initiative, expenses without proper documentation of services rendered," Hypermarcas stated in a market announcement.
Reuters - Pharmaceutical and consumer goods company Hypermarcas reported on Tuesday that an executive who worked for the company until March of this year authorized expenses for services that lacked proper documentation.
The company issued a statement to the market in response to press reports that former executive Nelson Mello stated in a plea bargain that he paid 30 million reais to two lobbyists with connections in Congress to facilitate payments to PMDB senators, including the president of Congress, Renan Calheiros (PMDB-AL), and Romero Jucá (PMDB-RR).
"Following the departure of the former executive, the company hired renowned external advisors to conduct an audit, which has now been completed, and concluded that Mr. Mello authorized, on his own initiative, expenses without proper documentation of services rendered," Hypermarcas stated in a market announcement.
(By Alberto Alerigi Jr.)