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News/Compliance & Enforcement/Former Braskem CEO Sentenced to 20 Months in Prison and Pay $3.2 Million for Bribery Scheme
FCPA·Compliance & Enforcement Brief

Former Braskem CEO Sentenced to 20 Months in Prison and Pay $3.2 Million for Bribery Scheme

PA
PubK AdminOctober 18, 2021 · 1 min read
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Jose Carlos Grubisich, the former CEO of Brazilian petrochemical company Braskem S.A., has been sentenced to 20 months in prison for diverting about $250 million from Braskem into a secret slush fund, and bribing government officials, political parties, and others in Brazil.

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