Brazilian petrochemical firm to pay $957 mln to settle bribery charges
Wed Dec 21 2016
Nikki Bailey (1048 articles)

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.

Nikki Bailey

Nikki Bailey

Nikki Bailey reports on US Stocks. She covers also economy and related aspects. She has been tracking US Stock markets for several years now. She is based in New York

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