Written by FinCrime

Feds: Westport man charged in international bribery and money laundering case

Reported by: Jasmine Sheena

Glenn Oztemel, 64, is accused of bribing officials affiliated with Brazil’s state-owned energy company, Petróleo Brasileiro S.A.-Petrobras, to secure contracts for the companies he worked for, the U.S. Attorney's Office for the District of Connecticut said.
Glenn Oztemel, 64, is accused of bribing officials affiliated with Brazil’s state-owned energy company, Petróleo Brasileiro S.A.-Petrobras, to secure contracts for the companies he worked for, the U.S. Attorney’s Office for the District of Connecticut said.Bjoern Wylezich / TNS

WESTPORT — A Westport resident has been charged with conspiracy, multiple counts of violating the Foreign Corrupt Practices Act and money laundering, the U.S. Attorney’s Office for the District of Connecticut said Friday.

Glenn Oztemel, 64, is accused of bribing officials affiliated with Brazil’s state-owned energy company, Petróleo Brasileiro S.A.-Petrobras, to secure contracts for the companies he worked for, the office said in a news release Friday.

According to the news release, Oztemel, who worked as a senior oil and gas trader at two Connecticut-based trading companies that remain unnamed, conspired with Eduardo Innecco, 73, an oil and gas broker and agent for the Brazilian arms of the companies.

From 2010 to 2018, court documents said, the duo paid company money to Petrobras officials for help obtaining business with their trading companies. The money was funneled from bank accounts in the U.S. to bank accounts in Switzerland and Uruguay, according to Department of Justice documents.

Read full report: https://www.ctpost.com/news/article/westport-man-charged-money-laundering-brazil-17792477.php

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