• Odebrecht Ordered to Pay Charity Because it Paid Bribes

    Brazilian construction conglomerateOdebrecht SA agreed to pay US$50 million to NGO and charities as part of a settlement to resolve allegations that its subsidiary bribed public officials in two projects financed by the Inter-American Development Bank (IDB), the IDB Group, which is the leading source of development finance for Latin America and the Caribbean, said in astatement on Wednesday.

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