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Odebrecht and Braskem Settle for a Combined $3.5 Billion in Largest Ever Global Bribery Case
On Dec. 21, 2016, the Department of Justice (DOJ) announced a settlement with Brazilian engineering and construction firm Odebrecht S.A. (Odebrecht) and Brazilian petrochemical company Braskem S.A. (Braskem), stemming from a global bribery scheme facilitated by the two companies.
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