What happened to Odebrecht?

What happened to Odebrecht?

Between 2001-2016, Odebrecht paid USD $788 million in bribes across Latin America. On 7 March 2016 he was sentenced to 19 years and 4 months jail, for paying over US$30 million in bribes to executives of Petrobras, in exchange for contracts and influence.

Who was affected by Odebrecht?

The Odebrecht case represents one of the largest transnational bribery schemes ever uncovered in Latin America, in which at least 10 countries were involved (Argentina, Brazil, Colombia, Dominican Republic, Ecuador, Guatemala, Mexico, Panama, Peru, and Venezuela).

How much did Odebrecht pay in bribes?

The Bribery Schemes During that time, Odebrecht paid approximately $788 million in bribes to government officials, their representatives and political parties in a number of countries in order to win business in those countries.

How much did the US Department of Justice fine Odebrecht?

Global construction company Odebrecht, based in Brazil, and Brazilian petrochemical company Braskem pleaded guilty yesterday and agreed to pay a combined total penalty of at least $3.5 billion—the largest foreign bribery case in history, according to the U.S. Department of Justice.

Is Odebrecht still in jail?

The jail sentence has been reduced to ten years in prison in December 2016 for paying a fine, admitting guilt and providing evidence to authorities….

Marcelo Odebrecht
Successor Newton de Souza
Criminal status Serving penalty from home after 2 years and six months in prison

Is Odebrecht publicly traded?

Incorporated: 1944 as Construtora Norberto Odebrecht S.A. Odebrecht S.A. is publicly traded but closely held by the founding family and its present and former employees. It stresses reinvestment of profits for long-term results.

Where are the headquarters of the Odebrecht conglomerate?

Salvador, State of Bahia, Brazil