BUENOS AIRES (Reuters) – Argentina’s government has banned Brazilian builder Odebrecht SA from bidding on public works projects for 12 months, a spokesman for the interior ministry said yesterday.
The company, which admitted in a settlement with US and Brazilian prosecutors to paying bribes in 12 countries including Argentina, can continue to operate current projects, the ministry spokesman said in a telephone interview.
An Odebrecht spokesman said the company had not formally been notified of the suspension and was preparing a press statement.
