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Odebrecht to pay dearly for bribery crimes
One of the companies at the focus of Operation Car Wash, the Brazilian bribery mega-scandal, has pleaded guilty to conspiring to violate US bribery law. The penalty may reach billions of dollars.
Brazil-based conglomerate Odebrecht, which was involved in the Operation Car Wash kickbacks scandal in Brazil, pleaded guilty in a US court on Wednesday to conspiring to violate US foreign bribery laws.
Odebrecht and its subsidiaries are expected to pay fines that could total as much as $3.5 billion (3.3 billion euros), which would be paid out to the governments of the US, Switzerland, and Brazil.