Brazilian journalist Felipe Moura on the corruption scandals,
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Fearing jail sentences, investor lawsuits, and fines, Brazil Corruption Scandal Has Companies Rushing to Bulk Up Compliance Ranks. Antibribery operation known as ‘Operation Car Wash’ is causing wider cleanup of Brazilian business. This has a lot to do with it:
Brazilian construction giant Odebrecht SA in December signed the largest anticorruption settlement in history with authorities on three continents, agreeing to pay between $2.6 billion and $4.5 billion to authorities in Brazil, the U.S. and Switzerland.
Additionally, now the multinationals are worried that they may be banned from bidding on lucrative public works projects.
