SEC
Whistleblower
Advocates

December 21, 2016

Braskem, S.A.

Foreign Corrupt Practices Act

SANCTION AMOUNT: $65,000,000

Defendants: Braskem, S.A.

Part of a much larger, $957 million global settlement of charges that the petrochemical manufacturer created false books and records to conceal millions of dollars in illicit bribes paid to win or retain business. Braskem allegedly made approximately $325 million by virtue of bribes paid through intermediaries and off-book accounts to a government official at Brazil's state-controlled petroleum company, as well as to Brazilian legislators and political party officials.

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