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LatinNews Daily - 11 July 2017

In brief: Brazil

* Engineering company UTC Engenharia has signed a leniency deal with Brazil’s attorney general’s office (AGU) and comptroller general’s office (CGU). The company agreed to pay R$574m (US$176m) in damages for 29 instances of contractual fraud with state-owned companies Petrobras, Electrobras, and Valec. UTC has 22 years to pay off the fine but can settle with authorities sooner if it has the financial ability to do so.

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