Four former and current executives of Peruvian construction companies were detained pending trial, accused of colluding with Brazilian builder Odebrecht to bribe a former president.
Prosecutors in Brazil have announced a probe into possible influence peddling by former president Lula da Silva, involving the construction firm Odebrecht which is one of Latin America's largest engineering company. The investigation will center on Lula's alleged use of his clout after leaving office to help scandal-ridden construction giant Odebrecht land billion-dollar contracts in Latin America and Africa.
Brazilian construction giant Odebrecht on Wednesday was awarded a 30-year concession to operate and maintain a stretch of the BR-163 federal highway, a major road in the western state of Mato Grosso, also known as 'soy road' because of the millions of tons of grains and oilseeds that are transported annually.
Brazilian builder Odebrecht plans to produce sugar in Cuba, the company said on Monday as incentives for foreign investment in the Castro family’s regime raise hopes of a recovery in the once-booming sector after decades of decline.