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News/Compliance & Enforcement/Brazil’s Odebrecht to Pay $50 Million to Charities Under Deal With Development Bank
News·Compliance & Enforcement Brief

Brazil’s Odebrecht to Pay $50 Million to Charities Under Deal With Development Bank

Brazilian construction conglomerate Odebrecht SA has agreed to pay $50 million in contributions to charities and nonprofit organizations that operate in Latin America starting in 2024, to resolve allegations of bribery under a deal reached with the Inter-American Development Bank.

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