Odebrecht to pay Peru an initial $8.9 million as graft scandal grows
Thu Jan 5, 2017 | 10:15pm GMT
Odebrecht to pay Peru an initial $8.9 million as graft scandal grows
Brazil's Odebrecht SA has agreed to pay Peru an initial 30 million soles ($8.9 million) in cash as it prepares to disclose details on bribes it gave local officials over a period spanning three presidencies, the attorney general's office said Thursday.
The money, to be deposited in the coming days, is just part of what the family-owned engineering conglomerate will pay Peru in a broader settlement with prosecutors as they seek to uncover the people and companies involved in the kickback schemes.
"This amount should in no way be understood to be the final amount," the attorney general's office said in a statement, adding that the demand for cash upfront was "unprecedented" in Peru.
Odebrecht, facing mounting debt as it grapples with a fast-expanding graft scandal in Latin America, reiterated in a statement it was committed to cooperating with prosecutors in Peru.
More:
http://uk.reuters.com/article/uk-peru-corruption-odebrecht-idUKKBN14P1ZJ
