Mexico bans Odebrecht from federal contracts for 3 years

MEXICO CITY — Mexico's comptroller has banned federal agencies from contracting with Brazilian construction giant Odebrecht and its Mexican subsidiary for three years.

In a statement Friday, the comptroller's office said the subsidiary was sanctioned for presenting false information in modifying a contract. Odebrecht was sanctioned for excessive charges to Pemex's refining arm.

The company has admitted to paying $800 million in bribes throughout the region.

In a 2016 agreement that Odebrecht and Braskem, a petrochemical subsidiary, reached with justice officials in three countries, Odebrecht said it paid $10.5 million in bribes to officials at Mexico's state-run oil company, Pemex. No one has been prosecuted in Mexico for those payments.

About a dozen other Latin American countries have used evidence from Brazilian prosecutors to pursue their own officials. Mexico and Venezuela are exceptions.

Must Read

Mississippi town mourns deaths of 3 couples in...

Aug 15, 2016

Three married couples killed in the crash of a small airplane in Alabama all lived in the...

Google's Duo app joins crowded field of video...

Aug 16, 2016

Google releases video calling app Duo in challenge to other popular services run by Apple,...

China's launch of quantum satellite major step in...

Aug 16, 2016

Experts say China's launch of the first quantum satellite will push forward the worldwide effort to...

Ford says it will have a fully autonomous car by...

Aug 17, 2016

Ford Motor Co. intends to have a fully driverless vehicle _ no steering wheel, no pedals _ on the...

Gawker sold to Univision in aftermath of Hulk...

Aug 16, 2016

Spanish-language broadcaster Univision won an auction Tuesday for Gawker Media, which was put on...

About Us

Started in 2015, Science Of The World offers in-depth news about the latest scientific discoveries. If you’re looking for a reliable source, Science Of The World is the one for you.

Contact us: sales[at]scienceoftheworld.com

Subscribe Now!