Tag: 爱上海QP

first_imgWould you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.last_img

Read more

first_img Author: Baibhav Mishra Mexico has banned federal institutions and state governments from doing business with Brazilian construction firm Odebrecht SA [ODBES.UL] for the next 2-1/2 years, and fined the company around $60 million, the government said.Two units of the Brazilian company had each been fined 543.5 million pesos (USD 30.1 million), a government document showed. Two legal representatives of the company were also fined 1.26 million pesos (USD 69,700) each, it added.The decisions relate to probes into suspected corruption involving Odebrecht’s business with state oil firm Pemex [PEMX.UL], officials say. The government did not provide details.Odebrecht said in a statement that the company had been notified and was analyzing the steps taken by Mexico. Odebrecht has spent the past few years at the center of one of the largest corruption scandals in Latin America, and has admitted paying bribes from Peru to Panama.In December, Mexico banned the Brazilian construction firm from bidding for federal public contracts for four years after the Public Administration Ministry (SFP) said it had sanctioned the company for an “incorrect charge” with Pemex.Ecuador jailed its vice president over the Odebrecht scandal, and the company has paid billions of dollars in settlements in the United States, Brazil and Switzerland.Last month, Peru’s president resigned after a probe targeted his connections to Odebrecht. Odebrecht has admitted to U.S. and Brazilian prosecutors that it paid USD 10.5 million in bribes in Mexico.(Source: Reuters)Sea News, April 23last_img read more

Read more