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Odebrecht pulls out of Panama Canal tender

Tuesday, January 31, 2017

Brazilian construction firm Odebrecht, under investigation for paying hundreds of millions in bribes across Latin America, withdrew its bid to build a bridge over the Panama canal, the president of tPanama said on Monday.

Last week, Panama prosecutors said they had charged 17 people, including several businessmen and former government officials, with money laundering in its bribery case against Odebrecht.

Source: Reuters