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Montevideo, September 21st 2017 - 14:11 UTC

US judge sentences Odebrecht to pay US$ 2.6 billion in fines

Tuesday, April 18th 2017 - 08:29 UTC
Full article 2 comments
U.S. District Judge Raymond Dearie said in a Brooklyn federal court that US$2.39 billion will go to Brazil, US$116 million to Switzerland and US$93million to the US U.S. District Judge Raymond Dearie said in a Brooklyn federal court that US$2.39 billion will go to Brazil, US$116 million to Switzerland and US$93million to the US
Odebrecht is trying to negotiate plea deals with Argentina, Chile, Colombia, Ecuador, Mexico, Peru, the Dominican Republic, Venezuela, Panama and Portugal Odebrecht is trying to negotiate plea deals with Argentina, Chile, Colombia, Ecuador, Mexico, Peru, the Dominican Republic, Venezuela, Panama and Portugal

A United States judge on Monday sentenced Brazilian engineering company Odebrecht SA to pay US$2.6 billion in fines in a massive criminal corruption case, signing off on a plea deal between the company and U.S., Brazilian and Swiss authorities.

 Odebrecht, along with affiliated petrochemical company Braskem SA, pleaded guilty to U.S. bribery charges in December. U.S. authorities charged Odebrecht with paying about US$788 million in bribes to officials in 12 countries, mostly in Latin America, to secure lucrative contracts.

Some of those bribes flowed through U.S. banks, the prosecutors said.

Monday's order comes as Odebrecht tries to negotiate plea deals with other countries, including Argentina, Chile, Colombia, Ecuador, Mexico, Peru, the Dominican Republic, Venezuela, Panama and Portugal.

The charges against Odebrecht stemmed from a nearly three-year investigation in Brazil into corruption at the state-run oil company Petrobras, which has led to dozens of arrests and political upheaval in Brazil.

Brazilian President Michel Temer said on Monday he expects some of his ministers to resign after they were accused of wrongdoing by Odebrecht executives in plea bargain testimonies and placed under investigation by a Supreme Court justice.

Categories: Politics, Brazil, United States.

Top Comments

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  • golfcronie

    They all ought to resign and start again with a fresh sheet.

    Apr 18th, 2017 - 05:51 pm 0
  • :o))

    They all ought to resign and start again with a fresh sheet AND A FRESH TEAM.

    However, there are TWO problems:

    1º: The Old/New are incurably addicted to stealing - for GENERATIONS!

    So no matter who else takes place of who; the stealing will continue to remain rampant and will get more & more sophisticated; so that the investigators will never be able to trace the actual size of the loot!

    2º: FORGET the Italian Mafia! The Brazilian Crooks are already making great progress towards making corruption as perfectly - 100% - legal in Brazil!

    Apr 21st, 2017 - 11:15 am 0
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