Brazil: Brazil may boost corruption fine against Odebrecht – newspaper

Author(s): Alonso Soto | Date: April 23, 2017 | Language: English
Source: | URL: | Type: Text

The Brazilian government may increase the corruption fine that engineering conglomerate Odebrecht agreed to pay in a multi-billion dollar leniency deal signed last year, newspaper Folha de S.Paulo reported on Sunday.
Odebrecht, once Latin America’s biggest builder, struck a deal with Brazil, the United States and Switzerland in December designed to allow the company to continue its operations so that it can pay off a record $3.5 billion fine.
However, the country’s attorney general’s office, known as AGU, said it is evaluating the deal and may raise the $2.4 billion fine owed to Brazil, Folha de S.Paulo reported citing a statement from the office.
An email to the attorney general’s office seeking comment was not immediately answered.