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Panama: Odebrecht to pay $59 Million in bribes

Friday, January 13, 2017

Panama’s attorney general said Thursday that the Brazilian construction company Odebrecht has made a verbal agreement to pay $59 million in reparations for bribes it paid in Panama to win business in the country between 2010 in 2014.

The sum is the amount in bribes Odebrecht admitted paying to officials and intermediaries in the Central American nation in a plea agreement disclosed last month in a U.S. court.

Source: Reuters