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.

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