Brazil: Odebrecht nears $2 bln plea deal in Brazil graft case – report

Author(s): UNK | Date: October 5, 2016 | Language: English
Source: | URL: | Type: Text

Brazilian industrial conglomerate Odebrecht is on the verge of reaching a plea deal that includes a fine of more than 7 billion reais ($2.2 billion) for its role in the country’s biggest-ever political graft scandal, a newspaper reported on Wednesday.
Brazilian business daily Valor Economico reported, without saying how it obtained the information, that Odebrecht would pay the fine over 15 years. The long-awaited accord is expected to provide investigators with some of the most revealing testimony yet about the vast bribery scheme centered around state-run oil company Petroleo Brasileiro SA, or Petrobras.

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