Sun | Oct 25, 2020

Panama charges 17 in Brazilian firm bribery scheme

Published:Tuesday | January 24, 2017 | 5:07 PM-AP

Panama's chief prosecutor says 17 people have been charged with money-laundering in connection with a bribery scheme involving Brazilian construction giant Odebrecht.

Kenia Porcell said Tuesday those charged included eight Panamanian businessmen, five foreigners, three former Panamanian officials and a former private bank official.

As part of a plea agreement with the United States Justice Department, Odebrecht acknowledged paying almost $800 million in bribes to win business in 12 countries.

Odebrecht became the Panamanian government's biggest private contractor, winning $9 billion in contracts over the last 12 years.

Colombia has made two arrests as part of the region-wide probe.

And Argentina said Tuesday it was launching an investigation into the country's spy chief after a news report linked him to the corruption scandal.