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Brazil’s Odebrecht to Pay R$2.7 Billion for Corrupt Practices

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Odebrecht announced it has signed a leniency deal with two of Brazil’s federal agencies, where it agrees to pay R$2.7 billion during the next twenty years for its role in the Lava Jato (Car Wash) corruption scheme.

According to the company, once one of the Latin America’s largest construction conglomerates, the agreement strengthens anti-corruption actions in Brazil.

"This agreement allows us to move forward in a more sustainable way in the resumption of growth, mainly in Odebrecht Engenharia e Construção,” said Odebrecht’s CEO . . .

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