![]() Odebrecht and Braskem pleaded guilty in 2016 to charges that they utilized a business unit within Odebrecht to systematically pay hundreds of millions of dollars to corrupt government officials in countries all over the world. (Odebrecht), which resulted in guilty pleas by the companies and a combined total penalty of at least $3.5 billion. Grubisich’s prosecution is a small piece of the massive and wide-ranging bribery investigations into Braskem and parent company Odebrecht S.A. Conspiring to violate the books and records provisions of the FCPA in failing to accurately certify Braskem’s financial reports.Conspiring to violate the anti-bribery provisions of the FCPA.Jose Carlos Grubisich pleaded guilty to two counts of conspiring to violate the U.S. has secured a guilty plea from the former CEO of Brazilian petrochemical company Braskem S.A. These companies must be prepared to coordinate with regulators from multiple jurisdictions in the event that they are subject to an investigation. companies doing business in Latin America must ensure that they institute and maintain strong anti-corruption safeguards.
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