Odebrecht: Brazilian construction giant in the crosshairs

The arrest of Latin America’s top construction industry boss Marcelo Odebrecht is throwing Brazil’s political scene into disarray, says Daniel Gallas.

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Texto de matria: odebrecht: brazilian construction giant in the crosshairs Brazils emergence in the global economy during the recent boom years brought rewards for average Brazilians, who saw their incomes rise. Many businesses saw their operations blossom too.

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RIO DE JANEIRO (AP) – Brazilian construction giant odebrecht filed for bankruptcy protection Monday to restructure $13 billion in debt, worn down after spending five years at the center of one of the.

Billionaire’s Banking Empire Weighed Down by Massive odebrecht scandal. august 24, 2018. Colombia’s drawn-out investigation into a continent-wide bribery scheme by Brazilian construction giant Odebrecht SA is casting a shadow over the nation’s biggest banking group, owned by one of Latin America’s richest men.

The ruling comes as Odebrecht’s chief executive, Marcelo Odebrecht, is in jail as part of a giant corruption probe in Brazil. According to Brazilian courts and prosecutors, Odebrecht helped form part of a cartel of construction and engineering companies that defrauded Brazilian state-owned oil company Petroleo Brasileiro SA of billion of dollars through a contract-rigging, bribery and political kickback scheme.

In Brazil Graft probe has more than 100 politicians in crosshairs.. in Janot’s list are based on a deluge of testimony given in plea bargains struck with 77 former executives of the giant Odebrecht construction firm, which was at the heart of the Petrobras scheme..

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Revelations stemming from the investigation into Brazil’s "Lava Jato" bribes and kickbacks scandal centered at the state-run energy conglomerate Petrobras have exposed the use of these same methods abroad, with Brazilian corporations, particularly the construction giant Odebrecht, bribing high-ranking public officers in order to.

Among them, one stood out as a clear winner: Odebrecht group, which owns Latin America’s biggest construction company. Under the leadership of chief executive marcelo odebrecht, whose grandfather founded the company, the group more than doubled in size and revenue in 10 years. It now has 181,000 employees in 21 countries.