Ex-Embraer executive pleads guilty to U.S. corruption charges:
"A former executive at Brazilian aircraft maker Embraer SA pleaded guilty on Thursday to U.S. charges that he arranged a bribe to an employee of Saudi Arabia’s state-owned Saudi Aramco to secure a contract for the sale of three jets.
Colin Steven, 61, entered his plea before U.S. District Judge Alison Nathan in Manhattan. He said at the hearing that others at Embraer had approved of the payment and that he had agreed to cooperate with U.S. prosecutors.
Steven, who was charged with violating the U.S. Foreign Corrupt Practices Act, wire fraud, money laundering and conspiracy, was released on bail following his court hearing, allowing him to return to Dubai, where he lives."
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