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Odebrecht's involvement in Petrobras corruption scandal costing the conglomerate dearly

Friday, March 11th 2016 - 20:47 UTC
Full article 10 comments

The Odebrecht group of companies, whose top officials have been sentenced to prison for involvement in the corruption scheme of Brazil's largest company Petrobras, has come under strong pressure from its creditors to use the crown jewel, the petrochemical company Braskem as collateral to avoid filing for bankruptcy. Read full article

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  • Brasileiro

    The leniency agreement has been signed! While the PT is in government Brazil will not lose any of your jewelry!

    We do not depend on anything of the West!

    Our future is in the East! In the Russia, China, India and Africa. Our efforts are directed towards the East. USA and Europe are the past!

    BRICS omnipresent

    https://www.youtube.com/watch?v=YykjpeuMNEk&index=11&list=FLmXPTu1f8AdGlizWNiASx2A

    Mar 11th, 2016 - 09:20 pm - Link - Report abuse 0
  • Lucifer

    There's so few companies in Brazil that when 1 falls its like a house of card.
    This incestual relationship they had is costing the country dearly

    China is going through something similar but on a much grander scale.

    Love to watch the shake out.

    Mar 11th, 2016 - 09:27 pm - Link - Report abuse 0
  • Brasileiro

    Who are you, Lucifer?

    Mar 11th, 2016 - 10:10 pm - Link - Report abuse 0
  • L0B0MAU

    “Odebrecht is a global organization, with presence in 21 countries”: Spreading corruption to 21 countries must need quite an expertise!

    Mar 12th, 2016 - 12:30 am - Link - Report abuse 0
  • Lucifer

    This Car Wash sting may bring down more than just the corrupted Pols in Brazil. The Kirchners for one.

    Mar 12th, 2016 - 01:04 am - Link - Report abuse 0
  • L0B0MAU

    Where corruption is a tradition and is a normal practice; it can never vanish. It can just change forms.

    Mar 12th, 2016 - 09:45 am - Link - Report abuse 0
  • ChrisR

    I cannot see why anybody would want any part of this 'conglomerate' given the reach and severity of the corruption within all parts.

    Let it fail and be brought by other companies in the usual way of things.

    Mar 12th, 2016 - 01:23 pm - Link - Report abuse 0
  • L0B0MAU

    Their involvement in more than twenty or so countries and consequently their expertise in corruption will obviously be a Great Asset to any “Could-Be” Buyer.
    P.S.:
    #1: There are NO saints in Business or Politics!
    #2: Their ONLY Policy is to “Make Hay while the sun shines”.

    Mar 12th, 2016 - 01:30 pm - Link - Report abuse 0
  • Jack Bauer

    Hope the whole damned group goes under, and that Marcelo Odebreshit and his whole family become paupers, just like Lula's other best friend, Eike Batista....
    Bunch of bloody wankers.

    Mar 14th, 2016 - 05:14 pm - Link - Report abuse 0
  • L0B0MAU

    “When a rich man steals they name him minister”, Lula da Silva quote in 1998

    Mar 17th, 2016 - 02:42 pm - Link - Report abuse 0

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