The FCPA Blog | By: Richard L. Cassin | Monday, July 10, 2017 at 9:28AM:
Three fund managers and a national government said in SEC filings last week that Odebrecht’s corruption scandal has become a problem and a risk factor for them.
Brazil-based Odebrecht, an engineering and construction giant with world-wide reach, agreed late last year to settle bribery offenses by paying global criminal penalties of at least $2.6 billion.
Ten percent of that amount was earmarked for the United States, 80 percent for Brazil, and 10 percent for Switzerland.
But now the damage from Odebrecht’s crime and punishment is spreading.
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