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Peru to bar Odebrecht From Public Bids With New Anti-Graft Rules

Peru said on Wednesday that Odebrecht SA and other companies involved in corruption will not be able to bid on public work contracts, a week after the Brazilian builder acknowledged distributing $29 million in bribes in the Andean country. The government is changing public contracting laws to ensure that companies that have been penalized for corruption or that have admitted to bribing officials cannot compete on projects, said Prime Minister Fernando Zavala. “They won't be able to...

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