U.S. Judge Orders Brazil’s Odebrecht to Pay US$2.6B Fine

Along with its subsidiary, Braskem, Odebrecht is ordered to pay the governments of Brazil, the United States and Switzerland.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – A United States judge in New York has ordered Brazil’s construction giant, Odebrecht to pay a fine of US$2.6 billion to be divided between the governments of Brazil, the United States and Switzerland, in what is believed to be one of the highest fines in U.S. history for a foreign corruption case.

Judge Raymond Dearie of the Brooklyn, NY District federal court determined that the company along with its petrochemical subsidiary, Braskem, would pay over US$2.39 billion to the Brazilian government, US$116 million . . .

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