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April 18, 2017

Brazilian contractor must pay $2.6B in bribery case

By LARRY NEUMEISTER
Associated Press

NEW YORK — Brazilian construction conglomerate Odebrecht was ordered on Monday to pay $2.6 billion in fines to settle charges it bribed officials in a dozen countries.

The payout order, by U.S. District Judge Raymond Dearie in Brooklyn, came after U.S. and Brazilian authorities determined after a plea agreement was reached in December that Odebrecht could not afford to pay more than that amount. The company had agreed to pay up to $3.5 billion in penalties.


 
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