Odebrecht pulls out of Panama canal bridge tender amid probe

Brazilian construction firm Odebrecht, under investigation for paying hundreds of millions in bribes across Latin America, withdrew its bid to build a bridge over the Panama canal, the president of the Central American nation said on Monday.

Last week, Panama prosecutors said they had charged 17 people, including several businessmen and former government officials, with money laundering in its bribery case against Odebrecht S.A. Prosecutors have not yet identified the people involved.

President Juan Carlos Varela announced Odebrecht’s pull-out via Twitter. The company did not immediately respond to a request for comment.

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