Sunday, March 26, 2017

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S&P500
2343.98
-1.98
-0.08%
NASDAQ
5828.74
+11.04
+0.19%
NYSE
11418.887
-12.008
-0.1050%
GOOG
814.43
-3.15
-0.39%
YHOO
46.4
-0.2
-0.43%
AAPL
140.64
-0.28
-0.20%
AMZN
845.61
-1.77
-0.21%
FB
140.34
+0.81
+0.58%
BPOP
38.69
-0.02
-0.05%
EVTC
15.75
-0.2
-1.25%
OFG
10.95
-0.1
-0.90%
FBP
5.45
-0.01
-0.18%
GTS
16.73
+0.13
+0.78%

Colombia’s Santos may have received Odebrecht contributions

By on March 6, 2017

BOGOTA, Colombia — A corruption scandal that has spread across Latin America is inching closer to Colombian President Juan Manuel Santos amid new evidence that suggests a Brazilian construction company paid $1 million for an opinion poll carried out during his re-election campaign.

Chief Prosecutor Nestor Humberto Martínez said Monday that Odebrecht made the payment to a Panamanian-registered company linked to a local advertising agency hired by Santos’ 2014 campaign. He said Odebrecht’s goal was to curry favor with the Santos government to help it win a $100 million arbitration involving disputes over a highway project.

Neither Santos nor the advertising agency Sancho BBDO would comment.

Colombia’s electoral rules ban foreign companies from making campaign contributions.

Odebrecht has admitted to paying some $800 million to officials to win business in 12 nations.

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