Dutch shell firms used to pay millions in Brazilian bribes: prosecutors

Prosecutors raided locations across the Netherlands on Tuesday as part of an investigation into the alleged use of shell companies to distribute $100 million in bribes on behalf of Brazilian conglomerate Odebrecht SA.

Data and financial records were seized from half a dozen homes and businesses, the Dutch financial prosecutors said. A 48-year-old man was detained near the town of Leiden. They did not name any of the businesses being investigated.

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