Brazilian petrochemical firm to pay $957 mln to settle bribery charges
WASHINGTON : Brazilian petrochemical firm Braskem S.A. has agreed to pay $ 957 million to settle charges it created false books and records to conceal millions of dollars in bribes to Brazilian government officials, the U.S. Securities and Exchange Commission said on Wednesday.
The SEC said in a statement that Braskem S.A., whose stock trades in the United States, had agreed to pay $ 957 million in a global settlement with the SEC, the U.S. Justice Department, and authorities in Brazil and Switzerland.
Rules of Discussion on Live Index
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.