Brazil’s Odebrecht to Pay US$8.9 Million to Peru For Bribes

The company admitted to Brazilian prosecutors payments of US$29 million in bribes to Peruvian officials to win contracts in the country between 2005 and 2014.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Officials from Brazilian conglomerate Odebrecht have signed a preliminary agreement with Peru’s prosecutors’ office to return more than US$8.9 million from illicit gains to the Latin American country.

Peru is one of the several countries where Odebrecht has admitted that officials were bribed so that the company obtained lucrative contracts.

“In the case of Peru, we are making a preliminary agreement to expedite the obtaining of information, but the Peruvian prosecutor will continue to advance investigations with Switzerland, Brazil and other countries involved,” said a press statement . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?