Companies Pay Record Fines over Petrobras Scandal

Posted on

Sourc: OCCRP 22 December 2016

Two Brazil-based companies have agreed to pay a record-breaking US$ 3.5 billion in fines to settle charges that they paid hundreds of millions of dollars in bribes as part of the South American country’s massive Petrobras scandal, the United States Department of Justice has announced.

Spanish authorities said in November they had captured the “financial mastermind” behind the Petrobras scandal. The lawyer for Odebrecht was allegedly responsible for “payment of commissions in the awarding of private and public works in Brazil and abroad.”

Source article here

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s