COMPANIES Credit Suisse International has offered to pay R$19.2m to Brazil’s securities commission to end an action over alleged insider dealing in shares of Embraer, the Brazilian aircraft manufacturer.
The commission, known as the CVM, said it accepted the offer form Credit Suisse on Tuesday having rejected an offer of R$150,000 last year. It said Tuesday’s offer was appropriate for the gravity of the offence and for the value of the suspect trades and because Credit Suisse presented its defence at the last possible moment.
