Uncategorized

Dominican Republic ratifies terms of Odebrecht’s $184 million plea deal

A judge in the Dominican Republic on Wednesday approved terms of a $184 million fine on Odebrecht SA [ODBES.UL], which sought a plea deal after admitting to bribing officials to win contracts in the country.

Dominican Attorney General Jean Rodriguez called the ruling by Judge Danilo Quevedo “a momentous step forward in the fight against corruption.” Rodriguez said Odebrecht will provide a list of those who accepted bribes by May 19, along with testimony and documents corroborating the accusations.

The accord is the first of about 10 that Odebrecht wants to settle across Latin America and Africa.

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