Odebrecht sells stake of massive subway project in Buenos Aires

Wednesday, September 20th 2017 - 01:40 UTC

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Nevertheless Odebrecht said it plans to continue contributing to “the development of Argentina in an ethical, integral and transparent manner”

Scandal-hit Brazilian construction company Odebrecht said on Sunday it has sold its 33% stake in a massive subway project in Argentina's capital Buenos Aires, but vowed to keep working in the country.

Odebrecht is involved in a sprawling corruption saga and has already paid US$3.5 billion in settlements in the United States, Brazil and Switzerland, embroiling politicians across Latin America.

“Present for 30 continuous years, Odebrecht plans to continue contributing to the development of Argentina in an ethical, integral and transparent manner,” the construction company said in a statement.

In July the Argentine justice system banned Odebrecht from bidding on new projects in the country a period of one year.

Categories: Investments, Argentina, Brazil.

Tags: Argentina, Odebrecht SA Argentina.

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golfcronie
“In July the Argentine justice system banned Odebrecht from bidding on new projects in the country a period of one year ” this is so that they Argentine justice system and the Argentine government can negociate and get the bribes at an acceptable level for ALL concerned.
Sep 20th, 2017 - 08:56 am 0
:o))
REF: “get the bribes at an acceptable level for ALL concerned”:

How “backward” can they be?
Why is it so complicated to offer/receive bribes?
They should change to the “Brazilian Way”!
When it comes to bribes; EVERYTHING is “Fast-Track”!
Sep 24th, 2017 - 04:37 pm 0

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