IPG Agrees To Pay $13 Million Fine To Settle Charges In Brazil Bribery Case

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    • Jan 2009
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    IPG Agrees To Pay $13 Million Fine To Settle Charges In Brazil Bribery Case

    Interpublic Group has agreed to pay a $13 million fine to settle charges in Brazil related to a bribery scheme that two IPG shops - Borghi/Lowe and FCB Brasil - were involved in. Brazilian authorities uncovered the scheme last year as they investigated a wide-scale price-fixing and bribery scandal involving state-controlled oil company Petrobras and a number of politicians.


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