Uncategorized

U.S. judge approves Braskem $633 million fine in record corruption case

A U.S. judge on Thursday sentenced the Brazilian petrochemical company Braskem SA to pay a $632.6 million criminal fine, in connection with a corruption case that led to the largest foreign bribery settlement in U.S. history.

Braskem had agreed to the penalty when it pleaded guilty on Dec. 21 to a conspiracy charge over a scheme that also involved Brazil’s Odebrecht SA, Latin America’s largest construction company.

Read more

Categories: Uncategorized

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