Brazil: Odebrecht to sign $2 billion leniency deal in Brazil graft probe: source

Author(s): Tatiana Bautzer, Leonardo Goy | Date: November 23, 2016 | Language: English
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Brazilian engineering conglomerate Odebrecht SA has agreed to plea bargains and a massive leniency deal under which it would pay around 7 billion reais ($2.1 billion) in fines for its role in Brazil’s biggest corruption scandal, a person familiar with the matter said.
The deals sent shockwaves through Brazil’s political establishment as they could incriminate as many as 200 lawmakers for taking graft money from Odebrecht, which prosecutors said had a department dedicated to bribery.
If approved by the judge leading the “Operation Car Wash” probe into corruption at state-controlled oil firm Petrobras, the Odebrecht deal would be the world’s largest plea and leniency agreement.
The Salvador, Brazil-based company told Reuters it has no comment on “an eventual deal with the courts.” A spokesperson for the prosecutor general’s office declined to confirm any deal had been signed.

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