Tag: Odebrecht Company Limited

• Monday, June 20th 2016 - 05:22 UTC

  Peruvian First Lady charged with money laundering for electoral campaigns

  

  Judge Richard Concepcion ordered Peru's first lady and the president of the ruling Nationalist Party, Nadine Heredia, not to leave the country in order to answer charges of suspected money laundering in the electoral campaigns of 2006 and 2011.

• 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, October 17th 2015 - 06:30 UTC

  Lula da Silva questioned for 90 minutes on allegations of influence peddling

  

  Brazilian ex-President Lula da Silva, who allegedly used his influence to aid a leading domestic engineering group after leaving office, voluntarily testified on Thursday before federal prosecutors during an hour and a half, his foundation said.

• 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.

• Wednesday, June 24th 2015 - 08:38 UTC

  Petrobras scandal ramifications getting closer to Lula da Silva

  

  One of Brazil's leading weekly magazines, Epoca, has revealed that former president Lula da Silva could be investigated over corruption allegations following on the imprisonment of the Odebrecht Group CEO, (Marcelo Odebrecht) which is one of the country's largest private corporations and employers, and for which Lula did much lobbying and sponsoring for public works projects in Dominican Republic, Cuba, Venezuela and Ghana.

• Thursday, July 24th 2014 - 06:18 UTC

  Humala signs contract for pipeline that will make Peru a leading gas exporter of the region

  

  The consortium made up of Spanish energy company Enagas and Brazilian construction giant Odebrecht signed a contract on Wednesday with Peru's Energy and Mines Ministry for the construction and operation of a natural gas pipeline that will run from the Camisea gas fields to the Pacific port of Ilo.

• Monday, November 14th 2011 - 20:47 UTC

  Brazil moves into Tanzania and will help increase power generation five-fold

  

  Brazilian business and public contractor giant Odebrecht Company Limited, with top global businesses and operations across a wide variety of industries, has shown interest in undertaking the huge Stiegler's Gorge power project in Tanzania’s Rufiji river basin, according to “The East African” weekly.