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LATIN AMERICA: "Statistics on Mexico's Automotive Industry, April 2011"

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back to index backLATINtalk January,  2017


Brazil tops rankings of countries where companies must pay bribes

Brazilian companies are connected with 19 ongoing investigations in the United States.

No country in the world is connected to more ongoing corruption investigations in the U.S. than Brazil. According to the latest Country Count for the Corporate Investigations List, Brazil is involved in 19 unresolved probes. The data refers to cases that fit the Foreign Corruption Practices Act (FCPA). According to this act, companies listed in the United States must obey American corruption laws, even if they are foreign.

It marks the first time since the ranking’s first edition, published in 2014, that China didn’t top the list. The Asian giant came in second, with 16 mentions to ongoing investigations. Middle Eastern and African countries, such as Kuwait and Angola, also figure on the list.

The list crosses information regarding 81 companies that are under FCPA investigations with the countries in which they admitted to paying bribes. The data, however, doesn’t include all companies under scrutiny by the U.S. Department of Justice, since American authorities do not disclose information about ongoing FCPA investigations. In fact, it means that the data refers only to companies that have disclosed investigations.

Additionally, Brazilian plane manufacturer Embraer is not on the list. Back in October, the company agreed to pay a $206-million fine to Brazilian and American authorities to settle an investigation into bribes paid to foreign officials.

FCPA Rankings (January 2017)

Brazil: 19 mentions
China: 17
Iraq: 8
Kazakhstan: 6
India: 5
Angola: 4
Nigeria: 4
South Africa: 4
Uzbekistan: 4
Azerbaijan: 3
Kuwait: 3
Syria: 3

There were also 14 countries with two investigations and 28 countries with one investigation.

International investigations on Petrobras

The U.S. Department of Justice released documents at the end of last year revealing Odebrecht’s international bribery scheme. The Brazilian contractor paid at least $788 million to 12 countries in Latin America and Africa. At least 5 Latin American countries are opening their own investigations into the Odebrecht scandal. Odebrecht has so far signed international plea deals with the U.S. and Switzerland.

Source: PLUS55.com
- GAI






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