Odebrecht fined $50 mn in Colombia over corruption
Listen | Print By AFP Dec 28, 2020 in World
Brazilian construction giant Odebrecht, which recently changed its name to Novonor, must pay a $50 million fine over corruption related to construction of a highway in Colombia, authorities announced on Monday.
The company was fined for implementing a system restricting free competition related to a 520-kilometer (325-mile) section of the Ruta del Sol highway from the center to the north of the country, Colombia s industry and commerce regulatory agency said.
Odebrecht and its local partners Corficolombiana and Episol diverted resources from the execution of the contract to pay a $6.5 million bribe to Gabriel Garcia, a government official who helped them win the contract, the agency said.