Ecuador has stopped corruption reparation negotiations with Brazilian construction company Odebrecht after the company said it may not be able to fully repay the country.
Odebrecht said it currently has no resources in Ecuador that will allow it to pay reparations to the extent of the damage it has caused.
Ecuador’s State Attorney General’s Office said this shows there was a “total lack of seriousness” in Odrebrecht’s original statement that it intended to compensate the state.
Ecuadorian prosecutors will restart the investigation into the damage caused by Odebrecht, according to the statement.
Odebrecht paid $33.5 million in bribes to Ecuadorian officials from 2007 to 2016, according to a trilateral settlement the company signed with US, Swiss and Brazilian authorities in 2016.
A US federal judge in Boston has given the Japanese government 45 days to present its case for extraditing two individuals accused of helping Nissan’s former CEO, Carlos Ghosn, escape from house arrest in Japan.
The judge set the time limit on 20 May, shortly after Michael Taylor and his son Peter Taylor were arrested by US prosecutors acting on Japanese arrest warrants.
The pair have not commented on the matter.
US court documents state that the two men participated in a scheme to smuggle Ghosn out of Japan, where he was awaiting trial for alleged financial misconduct.
Ghosn has consistently denied wrongdoing.
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