Tag: Marcelo Odebrecht

Saturday, April 29th 2023 - 10:11 UTC
Lava Jato scandal: Marcelo Odebrecht serves out his prison sentence

Businessman Marcelo Odebrecht has been fully released from jail in Brazil Friday after serving his sentence for corruption, illicit association, and money laundering that went public in the Operation Lava Jato scandal. He had been doing community work at a hospital in exchange for a sentence reduction.
Tuesday, June 18th 2019 - 09:45 UTC
Brazil's largest private company, Odebrecht, files for bankruptcy; US$ 20bn in debts

Scandal-ridden Brazil construction giant Odebrecht, which has admitted to spending nearly US$ 800 million to bribe officials across Latin America to win contracts, filed for bankruptcy protection on Monday, judicial sources said.
Tuesday, December 19th 2017 - 11:59 UTC
Odebrecht family leaders will step down from the scandal plagued conglomerate

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.
Thursday, July 27th 2017 - 02:16 UTC
Prosecution triple budget to combat corruption in Brazil

Brazil’s Attorney General’s office announced on Tuesday that it has tripled its 2018 budget for the investigation into a sprawling corruption scandal that has engulfed political and business leaders across Latin America.
Wednesday, April 26th 2017 - 12:15 UTC
Bribes in Brazil “institutionalized” since the fifties, reveals Emilio Odebrecht

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.
Tuesday, April 18th 2017 - 08:29 UTC
US judge sentences Odebrecht to pay US$ 2.6 billion in fines

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.
Friday, March 31st 2017 - 05:05 UTC
Odebrecht insists Rousseff was aware of slush funds provided for the presidential campaign

One of Brazil's leading newspapers, Folha de Sao Paulo, reported that the Odebrecht family group confessed to have provided the 2014 presidential ticket campaign, Dilma Rousseff-Michel Temer with millions of dollars in slush funds for the campaign.
Thursday, November 24th 2016 - 16:27 UTC
Odebrecht in world record plea and leniency deal: ready to pay US$ 2 billion for Petrobras corruption

Federal prosecutors and Odebrecht SA have agreed on the world's biggest plea and leniency deal under which the embattled engineering conglomerate would pay around 7 billion Reais (US$ 2 billion) in fines related to its role in Brazil's biggest corruption scandal, local media reported.
Tuesday, November 1st 2016 - 16:25 UTC
Brazilian chancellor name, Serra emerges in Petrobras investigation, dating back to 2010 campaign

Brazil's current foreign minister Jose Serra name has emerged in the Petrobras investigation of companies, politicians and company's unfaithful officials. The construction group Odebrecht provided two names to the Lava Jato (Car Wash) investigation as being those who carried out operations that transferred R$ 23 million (US$ 7.3 million) from the construction company to the 2010 presidential campaign of Jose Serra, in off-the-books transactions.
Friday, October 21st 2016 - 18:17 UTC
Brazilian prosecution after another can of worms, the national development bank, BNDES

Brazil’s national development bank has frozen $13.5bn of funds for 47 overseas projects, including those in Angola, Mozambique, Cuba and the Dominican Republic, as yet more corruption charges are brought against politicians and executives arising from the Lava Jato corruption probe.