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SAPR11.SA
id: 565

Sanepar (SAPR11) Fraud Damages Case

In December 2021, the BoD of Sanepar (SAPR11) recognized a R$6.5 million loss and an additional R$ 2 million provision due to the results of the Fraud investigation into a corruption scheme involving the company's workers.

The investigation was initiated in July 2020 by the Public Ministry of Paraná.

In June 2021, prosecutors charged 26 individuals with crimes such as criminal association, active and passive corruption, bid fraud, embezzlement, and document falsification. The Public Prosecutor's Office alleges in its complaint to the court that two engineering companies paid R$ 1.4 million in bribes to Sanepar employees to secure contracts.

As a result of the Sanepar (SAPR11) and its Leaders' actions and omissions, Investors suffered damages when the true details entered the market.
Case Status
Attorney Investigation
Alleged Offence
Mismanagement
Fraud
Malpractice
Negligence
Breach of Fiduciary duty
Omissions
Suspected Party
Directors
Management
Shareholder
Government Authority
Service Provider
Other
Security Type
Stocks
Trade Direction
Long
Shock Event Date
30 December 2021
Collecting participants…

Companhia de Saneamento do Paraná - SANEPAR

Companhia de Saneamento do Paraná - SANEPAR provides sanitation services in Brazil. The company engages in water distribution; collection and treatment of sewage and solid waste; study, project, an...

    Ticker
    SAPR11.SA
    Sector
    Utilities
    Industry
    Utilities - Regulated Water
    Country
    Brazil
    Address
    Rua Engenheiros Reboucas, 1376, Curitiba, PR, Brazil, 80215-900