RIO DE JANEIRO, BRAZIL - Mexico has banned Brazil's construction conglomerate Odebrecht from participating in public federal contracts, Mexico’s public administration ministry said on Friday.
State-owned entities, such as oil firm Pemex, are banned from entering into a contract with Odebrecht or receiving proposals from the firm for three years, the ministry said in a statement.
Odebrecht did not immediately respond to a request for comment.
The construction firm has been at the center of one of the world’s largest corruption scandals for paying billions of dollars in bribes across Latin America in exchange for . . .