UPDATE 4-Ex-CEO of Brazil's Braskem arrested on U.S. corruption charges

UPDATE 4-Ex-CEO of Brazil's Braskem arrested on U.S. corruption chargesThe former chief executive of Brazilian petrochemical company Braskem SA was arrested on Wednesday in New York on charges that he took part in a scheme to pay millions of dollars in bribes to officials to secure government contracts. Jose Carlos Grubisich was charged with conspiracy to violate a U.S. foreign corruption law and with a money laundering conspiracy in a newly unsealed indictment in federal court in Brooklyn. Grubisich was arrested Wednesday morning at New York’s John F. Kennedy Airport and entered a plea of not guilty in federal court in the afternoon, according to John Marzulli, a spokesman for the office of U.S. Attorney Richard Donoghue.

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