The third audit of ExxonMobil’s recoverable costs

Last week, Transparency International (TI) reported that former President of Peru, Alejandro Toledo, was sentenced to 20 years in prison for collusion and money laundering. The authorities alleged that he accepted US$35 million in bribes from a Brazilian-based construction company, Odebrecht, for the grant of a highway contract. Toledo is also under investigation in relation to a Costa Rican company linked to him that allegedly used Odebrecht’s bribes to buy properties in Peru. According to TI, it has been over a decade since the Odebrecht case exposed one of the largest transnational grand corruption schemes in the world. The construction company admitted to paying millions in bribes to high-level officials in exchange for major contracts across ten Latin American countries and two in Africa.