Brazilian firms to pay record $3.5 billion penalty in corruption case
Brazil-based construction colossus Odebrecht SA and affiliated petrochemical company Braskem SA agreed on Wednesday to pay at least $3.5 billion, the largest penalty ever in a foreign bribery case, to resolve international charges involving payoffs to Brazil’s state oil company and others. Odebrecht and Braskem pleaded guilty in U.S. federal court in Brooklyn to conspiring … Continue reading Brazilian firms to pay record $3.5 billion penalty in corruption case
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