At a time when U.S. leadership in the world is no longer a surety, we should be comforted to find another western hemisphere country proudly taking the lead.
Entries in Braskem SA (7)
The Brazilian judge overseeing the politically explosive investigation into a massive bribe and kickback scandal at the state energy company died Thursday in a plane crash.
While the U.S. share of Odebrecht's "global" criminal penalty for its December 21 FCPA resolution is not yet known, it's going to be at least $260 million. Its subsidiary, Braskem, agreed to pay the DOJ and SEC $159.8 million for FCPA offenses. If you combine them, their $419.8 million settlement lands fifth on our list of the biggest FCPA cases of all time.
Brazil construction giant Odebrecht S.A. and its petrochemical unit, Braskem S.A., pleaded guilty Wednesday to paying bribes around the world. The companies agreed to pay $3.5 billion for a global settlement with authorities in the United States, Brazil, and Switzerland.
Brazil petrochemical giant Braskem SA said Wednesday it will pay about $957 million in penalties and damages for a global settlement related to the Operation Car Wash corruption and kickback scandal.
Brazil petrochemical giant Braskem SA said Monday it has started discussions with the DOJ and SEC that could "lead to formal settlement negotiations and the resolution" of allegations that it paid bribes in exchange for supply contracts from state oil company Petrobras.
In an SEC filing Friday, Brazil petrochemical giant Braskem SA said it is investigating allegations that two former executives paid bribes to state-owned Petrobras for favorable raw material supply agreements, and it has self reported the findings to regulators in Brazil and to the DOJ and SEC in the United States.