Odebrecht's bribery scandal sends shockwaves across Latin America

Odebrecht's bribery scandal sends shockwaves across Latin America

Brazil Mexico Panama Venezuela Dominican Republic Project & Infrastructure Finance

The admission by Brazilian construction conglomerate Odebrecht that it paid hundreds of millions of dollars in bribes to win infrastructure contracts over the last 15 years has sent shockwaves across Latin America. Odebrecht, the region’s biggest construction firm, has agreed to pay between $2.6 bn and $4.5 bn in fines after admitting it doled out nearly $800 million in bribes across a total of 12 countries, including 10 in Latin America. US authorities describe it as the largest anticorruption

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