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BFW 04/10 11:43 Brazil Prosecutor to Probe $5.4b Gripen Fighter Jet Deal: Folha
Brazil Prosecutor to Probe $5.4b Gripen Fighter Jet Deal: Folha
2015-04-10 11:54:52.996 GMT
By Karen Eeuwens
(Bloomberg) -- Public prosecutor started investigation of
govt’s purchase of 36 Gripen fighter jets in 2014 as value of
contract is $900m more than amount proposed by manufacturer at
end-2013, Folha de S.Paulo reports, without saying where it got
the information.
* If irregularities are found, prosecutor may request
cancelation of deal
* Jets are due to be delivered between 2019-2024, a yr later
than originally expected
* Marcus Wallenberg, chairman of Saab, which supplies the
jets, met Brazil President Dilma Rousseff on April 1
* After meeting, Wallenberg said he didn’t expect Brazil’s
financial crisis and fiscal adjustment to affect the
contract
* After meeting, Wallenberg said he didn’t expect Brazil’s
financial crisis and fiscal adjustment to affect the
contract</li></ul>
* Brazil’s air force press office said air force didn’t see
any irregularity in purchase of jets and that difference in
value is result of currency fluctuations, Folha says
* NOTE: Oct. 27: Saab Signs $5.4b Contract With Brazil for 36
Gripen Jets
Story Link:NSN NML9WL6JIJUQ<GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Karen Eeuwens in Sao Paulo at +55-11-2395-9064 or
keeuwens@bloomberg.net
To contact the editors responsible for this story:
Giulia Camillo at +55-11-2395-9177 or
gcamillo@bloomberg.net
Katerina Petroff
2015-04-10 11:54:52.996 GMT
By Karen Eeuwens
(Bloomberg) -- Public prosecutor started investigation of
govt’s purchase of 36 Gripen fighter jets in 2014 as value of
contract is $900m more than amount proposed by manufacturer at
end-2013, Folha de S.Paulo reports, without saying where it got
the information.
* If irregularities are found, prosecutor may request
cancelation of deal
* Jets are due to be delivered between 2019-2024, a yr later
than originally expected
* Marcus Wallenberg, chairman of Saab, which supplies the
jets, met Brazil President Dilma Rousseff on April 1
* After meeting, Wallenberg said he didn’t expect Brazil’s
financial crisis and fiscal adjustment to affect the
contract
* After meeting, Wallenberg said he didn’t expect Brazil’s
financial crisis and fiscal adjustment to affect the
contract</li></ul>
* Brazil’s air force press office said air force didn’t see
any irregularity in purchase of jets and that difference in
value is result of currency fluctuations, Folha says
* NOTE: Oct. 27: Saab Signs $5.4b Contract With Brazil for 36
Gripen Jets
Story Link:NSN NML9WL6JIJUQ<GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Karen Eeuwens in Sao Paulo at +55-11-2395-9064 or
keeuwens@bloomberg.net
To contact the editors responsible for this story:
Giulia Camillo at +55-11-2395-9177 or
gcamillo@bloomberg.net
Katerina Petroff