Braskem to pay $957M settlement in Petrobras corruption probe
Brazil-based petrochemical giant Braskem disclosed yesterday that it will pay a total amount of approximately US$957 million in penalties and damages to resolve a global settlement related to the massive corruption probe surrounding state-owned oil company Petrobras. Jaclyn Jaeger has more.
Related articles
-
Blog
Braskem settles bribery class action for $10 million
Brazil-based petrochemical giant Braskem has reached a $10 million proposed settlement with U.S. investors for concealing its role in a bribery scheme involving state-owned oil company Petrobras.
-
Article
Petrobras probe showcases global enforcement efforts
Brazil’s massive anti-corruption efforts are having a global impact, but self-serving politicians threaten to grind the entire thing to a halt. Jaclyn Jaeger reports.
-
News BriefDOJ secures $118 million penalty in FCPA violation case tied to Guatemalan telecom firm
The parent company of a telecom subsidiary in Guatemala agreed to pay $118.2 million to settle allegations of improper payments made to government officials, but the U.S. Department of Justice chose not to impose a compliance monitor to administer the firm’s compliance with the Foriegn Corrupt Practices Act (FCPA).