Emílio Odebrecht will resign as chairman of the board of the scandal-plagued Brazilian engineering conglomerate Odebrecht SA in the first half of next year, newspaper O Estado de S. Paulo reported. Emilio Odebrecht is one of 77 executives of the engineering conglomerate to sign a plea deal.
The former CEO of the huge Brazilian builder at the center of the world's biggest corruption scandal spoke frankly about the billions in bribes and illegal financing that the Odebrecht company put into the pockets and campaign coffers of politicians and public officials.
The Brazilian engineering group Odebrecht kept a secret communications system to discuss and arrange the payments of bribes. A detailed spreadsheet mapped out who got what, all veiled under a system of codenames, and overseeing it all, there was an entire department at Odebrecht whose only purpose was to ensure the graft ran smoothly.
Responding to claims that former president Lula da Silva ‘is returning to politics’ and thus conditioning her re-election bid next year, Brazilian president Dilma Rousseff said the former trade union leader ‘never left politics’ and their relation ‘can’t be dissociated’. She also ratified Finance minister Guido Mantega.