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Richard L. Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

Elizabeth K. Spahn Editor Emeritus

Cody Worthington Contributing Editor

Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

Eric Carlson Contributing Editor

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FCPA Blog Daily News

Entries in Braskem SA (9)

Friday
Apr142017

DOJ reduces Odebrecht penalties, we revise the top ten list

The DOJ said in a court filing Monday that the U.S. share of Odebrecht's "global" criminal penalty for its December FCPA resolution will be $93 million and not $260 million. That reduction means the combined Odebrecht/Braskem FCPA settlement isn't big enough to make the top ten list.

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Thursday
Apr062017

Roberto P. Bauzá: A judge brings honor to Brazil

This week I had the pleasure and privilege of attending a public speech given by Judge Sergio Moro in Buenos Aires before an audience of local attorneys, businessmen, members of the judiciary and government officials.

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Tuesday
Mar212017

Andy Spalding: Brazil’s New Enforcement Leadership 

At a time when U.S. leadership in the world is no longer a surety, we should be comforted to find another western hemisphere country proudly taking the lead.

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Monday
Jan232017

Brazil Car Wash judge killed in plane crash

The Brazilian judge overseeing the politically explosive investigation into a massive bribe and kickback scandal at the state energy company died Thursday in a plane crash. 

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Thursday
Dec292016

Reconsidered: Odebrecht and Braskem are on our FCPA Top Ten list

While the U.S. share of Odebrecht's "global" criminal penalty for its December 21 FCPA resolution is not yet known, it's going to be at least $260 million. Its subsidiary, Braskem, agreed to pay the DOJ and SEC $159.8 million for FCPA offenses. If you combine them, their $419.8 million settlement lands fifth on our list of the biggest FCPA cases of all time.

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Wednesday
Dec212016

DOJ and SEC take small slice of Odebrecht - Braskem $3.5 billion global settlement

Brazil construction giant Odebrecht S.A. and its petrochemical unit, Braskem S.A., pleaded guilty Wednesday to paying bribes around the world. The companies agreed to pay $3.5 billion for a global settlement with authorities in the United States, Brazil, and Switzerland.

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Thursday
Dec152016

Braskem announces $957 million ‘global settlement’ of Operation Car Wash offenses

Brazil petrochemical giant Braskem SA said Wednesday it will pay about $957 million in penalties and damages for a global settlement related to the Operation Car Wash corruption and kickback scandal.

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Tuesday
Oct042016

Braskem enters talks with feds to resolve FCPA allegations

Brazil petrochemical giant Braskem SA said Monday it has started discussions with the DOJ and SEC that could "lead to formal settlement negotiations and the resolution" of allegations that it paid bribes in exchange for supply contracts from state oil company Petrobras. 

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Tuesday
Apr282015

Braskem SEC filing reveals fallout from Brazil's Operation Car Wash

In an SEC filing Friday, Brazil petrochemical giant Braskem SA said it is investigating allegations that two former executives paid bribes to state-owned Petrobras for favorable raw material supply agreements, and it has self reported the findings to regulators in Brazil and to the DOJ and SEC in the United States.

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