Odebrecht logo Venezuela Jan 26 2017

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Odebrecht is negotiating plea offers in 12 Latin American international locations

A US decide has formally fined Brazil’s engineering large Odebrecht $2.6bn in a corruption case centred across the nation’s state oil firm, Petrobras.

The advantageous was a plea cut price deal agreed final 12 months with the US, Brazilian and Swiss authorities.

The decide mentioned Brazil will obtain $2.39bn, with the remaining going to the Swiss and US authorities.

The US charged Odebrecht with bribery in 12 international locations in Latin America, with some bribes flowing by US banks.

Odebrecht, and its affiliated petrochemical firm Braskem SA, pleaded responsible in December in a deal designed to attract a line underneath the corporate’s wrongdoings.

Monday’s order comes as the corporate tries to barter plea offers with different governments in order that it may be allowed to tender for future main infrastructure initiatives.

The international locations embrace Argentina, Chile, Colombia, Ecuador, Mexico, Peru, the Dominican Republic, Venezuela, Panama and Portugal.

In Brazil, Latin America’s largest development firm was one in every of a gaggle of contractors alleged to have conspired with politicians and oil firm executives to take billions in bribes and kickbacks from Petrobras.

The costs towards Odebrecht stem from a three-year investigation into Petrobras which has led to the arrest of dozens of enterprise leaders together with CEO Marcelo Odebrecht, who’s serving a 19-year jail sentence.

Brazilian President Michel Temer mentioned he expects a few of his ministers to resign after they had been implicated within the investigation.