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Financial Crime, North America, Regulatory

Former CEO connected to major Latin American corruption scheme faces nearly three years behind bars for bribery

By Dan Byrne for AMLi

The former CEO of a major Petrochemical corporation has been sentenced to 20 months in prison after being found guilty of bribery in the US.

Jose Carlos Grubisich (64) served as chief executive of the Sao Paulo-based Braskem company from 2001 to 2008, and subsequently held a position on its board of directors.

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