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Odebrecht fines match Panama contracts

Tuesday, April 18, 2017

Brazilian construction company Odebrecht has been hit with an order to pay $2.6 billion in fines after admitting that it bribed officials around the world, including Panama, to gain contracts.

The amount of the fine ordered by a US judge is close to the e size of the contracts handed to Odebrecht by three successive Panama administrations, including that of Ricardo Martinelli.

Martinelli and his sons, Enrique and Ricardo, have fled Panama.

Source: Newsroom Panama