Engineering company Odebrecht has been ordered to pay $2.6 billion in fines in a huge corruption case.
The company signed off on a plea deal between the company and US, Brazilian and Swiss authorities.
District Judge Raymond Dearie said at a hearing in Brooklyn federal court that about $93 million will go to the United States, $2.39 billion to Brazil and $116 million to Switzerland.
Brazilian oil and gas player Odebrecht, along with affiliated petrochemical company Braskem SA, pleaded guilty to US bribery charges in December.
American Authorities charged Odebrecht with paying about $788 million in bribes to officials in 12 countries, mostly in Latin America, to secure contracts.
Some of those bribes flowed through stateside banks, the prosecutors said.
Monday’s order comes as Odebrecht tries to negotiate plea deals with other countries, including Argentina, Chile, Colombia, Ecuador, Mexico, Peru, the Dominican Republic, Venezuela, Panama and Portugal.
A public relations executive working for Odebrecht in São Paulo declined to comment, as did William Burck, a lawyer for Odebrecht in the United States.
The charges against Odebrecht stemmed from a nearly three-year investigation in Brazil into corruption at the state-run oil company Petrobras, which has led to dozens of arrests and political upheaval in Brazil.
Brazilian President Michel Temer said on Monday he expects some of his ministers to resign after they were accused of wrongdoing by Odebrecht executives in plea bargain testimonies and placed under investigation by a Supreme Court justice.
Recommended for you
Read the latest opinion pieces from our Energy Voice columnists
- So, you think that you know all there is to know about Christmas?
- Opinion: Economic reality is set to box Mario Draghi into a corner
- Opinion: The perfect time to show some spirit for the North Sea
- Opinion: Invest, innovate, initiate in 2018
- Opinion: The Arctic threat to Saudi Arabia’s grand oil bargain