Odebrecht settlement spurs bribery inquiries across Latin America

(Adds details from Mexico)

By Mitra Taj and Alexandra Valencia

LIMA/QUITO, Dec 22 (Reuters) - Politicians and investigators across Latin America demanded more information from Brazil-based construction company Odebrecht on Thursday after it admitted to a decade of immense bribe payments in the region.

In agreeing on Wednesday to pay at least $3.5 billion to Brazilian, U.S. and Swiss prosecutors, the largest penalty ever in a foreign bribery case, Odebrecht admitted to paying officials to help secure lucrative construction contracts in 12 countries, potentially opening itself up to new prosecution.

Nearly 80 Odebrecht executives and employees have also agreed to turn state's witness as part of a leniency deal, and their testimony is expected to provide even more evidence about corruption in several nations.

Peru's president and a Venezuelan opposition leader said Odebrecht should explain the payments in their countries, while Ecuador opened an investigation and Colombia's government asked the attorney general's office to move forward with one.

"Prosecutors will have to bring people from Odebrecht here so that they explain who they paid this money to," Peruvian President Pedro Pablo Kuczynski told reporters, referring to the $29 million Odebrecht said it paid officials in the Andean nation between about 2005 and 2014, spanning three presidencies.

Guilty pleas on Wednesday from Odebrecht and Braskem SA , the petrochemical company it jointly owns with Brazil's state-run oil company Petrobras, were the first in the United States following a nearly three-year investigation in Brazil.

Odebrecht and Braskem were charged with conspiring to violate the U.S. Foreign Corrupt Practices Act (FCPA), which is aimed at deterring companies from bribing officials overseas.

Odebrecht said it paid $439 million outside Brazil, with the largest bribe admissions abroad in Venezuela, the Dominican Republic and Panama. Brazilian prosecutors singled out Panama for not cooperating with their investigation.

Panama's presidency said it supported an investigation by local prosecutors that would "punish the companies and persons involved in these acts." Panama's national prosecutors' office said it was requesting information from the United States.

The discovery of kickbacks to Brazilian politicians off contracts between state-run companies, mainly Petrobras , and engineering conglomerates like Odebrecht, has generated political upheaval and led to 80 convictions in Brazil. More than 50 politicians there are under investigation.

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