February 21, 2017

BRAZILIAN CORRUPTION SCANDAL INVESTIGATION GOES INTERNATIONAL: It’s going to get even more interesting.

A vast corruption scheme that started in Brazil but morphed into a giant international scandal is about to spread even further, a top prosecutor warned on Monday.

Brazil-based Odebrecht, one of the region’s biggest construction companies, was at the heart of a scheme to bribe Brazilian state oil giant Petrobras in exchange for inflated contracts.

Odebrecht also systematically bribed politicians, mostly in Brazil but also in other countries, even running a department to keep track of the bribery.

Odebrecht admitted to paying $788 million in bribes across 12 countries and agreed with the US Justice Department to pay a $3.5 billion fine, a world record in foreign corruption cases.

Some background from 2016.

InstaPundit is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.