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TORONTO-Bribery charges leveled at locally based Brookfield Asset Management and focused on the firm's Brazilian operations are being denied by the firm.

Brookfield, with some 8,000 employees in that country, owns and operates eight shopping malls there as well as a property management company to manage them. It has a total of $13 billion in Brazilian investments.

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John Salustri

John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.