Tag: Marcelo Odebrecht

• Tuesday, October 11th 2016 - 08:05 UTC

  Lula da Silva formally charged with corruption related to contracts in Angola

  

  Brazilian prosecutors said on Monday they had charged former President Lula da Silva and Marcelo Odebrecht, ex-CEO of engineering group Odebrecht SA, with corruption related to contracts in Angola.

• Saturday, August 13th 2016 - 08:50 UTC

  Media exposes Brazil congress 'behind the scenes' plot for a 'corruption amnesty' in the Petrobras case

  

  Brazilian financial newspaper Valor Econômico revealed details of an alleged corruption amnesty currently being discussed by lawmakers who have been accused of alleged involvement in the graft scandal at state oil firm Petrobras.

• Friday, June 24th 2016 - 08:38 UTC

  Brazilian leading contractor, in plea bargain, expected to involve Rousseff directly in campaign illegal funding

  

  Marcelo Odebrecht, the former chief executive of Latin America’s largest construction company, will admit in a plea bargain testimony that he personally oversaw illegal campaign donations for suspended Brazilian president Dilma Rousseff in the 2010 and 2014 elections, Folha de São Paulo reported.

• Monday, June 13th 2016 - 06:54 UTC

  Rousseff called as a defense witness over the Petrobras corruption scandal

  

  Brazilian President Dilma Rousseff, suspended from office pending her impeachment trial, has been called as a defense witness for a key figure in the Petrobras corruption scandal, court documents show. The case involves Marcelo Odebrecht, the former head of a family-owned construction company who was sentenced to 20 years in prison for his role in the mammoth corruption scandal centered on the state oil giant.

• Monday, May 9th 2016 - 09:04 UTC

  Brazilian prosecutors after another can of worms: the huge development bank

  

  A former Brazilian finance minister and the current head of the nation's state economic and social development bank allegedly pressured big construction firms into making campaign donations for President Dilma Rousseff, a newspaper reported on Sunday. If it proves correct it would be the first concrete lead linking the Petrobras corruption with BNDES, long suspected by Brazilian prosecution.

• Friday, April 29th 2016 - 07:10 UTC

  “The maker of presidents” (including Lula, Dilma and Chavez) formally charged with corruption

  

  Brazilian prosecutors charged political strategist Joao Santana, the architect of President Dilma Rousseff’s 2010 and 2014 election victories, and 16 others with corruption on Thursday as part of a massive graft investigation.

• Sunday, April 3rd 2016 - 07:52 UTC

  Mega corporation Odebrecht involved in Petrobras case, plans to sell assets to meet debt obligations

  

  Troubled Brazilian construction company Odebrecht SA plans to sell about 12 billion reais (US$3.4 billion) in assets to help meet its debt obligations, according to the builder’s chief executive officer. The company had a gross debt of 85 billion reais in 2014, the most recent figure available, but much of it is long-term debt and the biggest payments start only in 2025, Odebrecht CEO Newton de Souza said in an interview published Friday in the Folha de S. Paulo newspaper.

• Wednesday, March 9th 2016 - 05:14 UTC

  Construction tycoon sentenced to 19 years in prison for Petrobras corruption scandal

  

  Brazilian construction tycoon Marcelo Odebrecht, 47, was sentenced Tuesday to 19 years in prison for corruption and money laundering in the giant Petrobras embezzlement scandal shaking Latin America's biggest country Petrobras in what prosecution has identified as Operation Car Wash.

• Wednesday, February 24th 2016 - 06:16 UTC

  Petrobras criminal investigation beiseging ex president Lula da Silva

  

  Brazil’s former president Lula da Silva may have known about or been involved in “criminal practices” including corruption and bribery, Federal Police said, as the widening Petrobras corruption investigation crept closer to the popular leader.

• Saturday, July 25th 2015 - 00:39 UTC

  Brazil's Odebrecht CEO charged with money laundering, corruption and criminal conspiracy

  

  Brazilian prosecutors presented formal charges on Friday against the chief executive of Latin America's largest engineering firm and other senior executives detained last month in a landmark investigation meant to show that the country's elite are not above the law.