Connect with us

Hi, what are you looking for?

Alive Business PlanAlive Business Plan

Stock

Brazil federal police formally accuses Braskem over sinking ground

SAO PAULO (Reuters) -Petrochemical firm Braskem and 19 people were formally accused by Brazil’s police following an investigation into sinking ground in the city of Maceio related to salt mining activities, according to the police and documents seen by Reuters.

Braskem’s mines began extracting rock salt in the 1970s in the northeastern city of Maceio, but operations were halted from 2019 after authorities said it contributed to five neighborhoods sinking. Thousands of families had to be removed from the affected areas.

In a statement, police said on Friday 20 suspects have been accused as it concluded its investigations, but the authority did not name the company, or those who were formally accused.

However, a Federal Police document seen by Reuters showed that service providers and Braskem’s executives are among the accused, as well as Braskem itself.

The accusations include the crimes of pollution, damage to public property and the use of false reports, another document showed.

Earlier on Friday, Braskem said in a statement that it had not analyzed the entire police report, adding it has contributed with the investigation and “always acted in line with the laws and regulations of the sector.”

The firm did not immediately comment on the additional documents obtained by Reuters.

Over the past few years, Braskem has been paying billions of reais in reparations to Maceio and its residents.

This post appeared first on investing.com
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    You May Also Like

    Latest News

    The Gateway Pundit, a far-right website, published a note from its editor on Saturday acknowledging that two election workers in Georgia did not engage...

    Latest News

    New majorities in Congress, particularly when the incoming party has a new leader, offer the rare chance for the institution to take a breath...

    Investing

    JAKARTA (Reuters) -Indonesia has asked Alphabet (NASDAQ:GOOGL)’s Google and Apple (NASDAQ:AAPL) to block Chinese fast fashion e-commerce firm Temu in their application stores in...

    Latest News

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...



    Disclaimer: alivebusinessplan.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 alivebusinessplan.com