Outisde of Brazil: Questionable Odebrecht finding it hard to establish new trust
- By : Panama Now
- Category : Energy/Infrastructure
At the reception of the ninth floor of the headquarters of the Odebrecht Group , in Sao Paulo, time seems to have stopped. The magazines on the tables are dated, at most, from the beginning of 2015 and still portray the dynamism of the time. From large projects in Caracas, Venezuela, to the Laúca hydroelectric plant in Angola , through the ecological route drawn on the banks of the Guayllabamba River in Ecuador, which includes the Manduriacu hydroelectric plant, the concerns revolved around the sustainability of the environment ambient.
Difficulties to prove bribes produces few condemned
9 former presidents are investigated for their relationship with Odebrecht
In the following three years, the largest construction company in Latin America passed from heaven to hell through the investigations of the Lava Jato operation. His chief executive fell prisoner, acknowledged paying bribes in exchange for business in 12 countries and signed an agreement for which he must disburse some $ 996 million – $ 786 million of them in Brazil – in 23 years. The firm asked for forgiveness, but it was not yet forgiven.
According to the latest balance sheet of the group, until the end of 2017 it had closed agreements with Panama, the Dominican Republic, Ecuador and Guatemala, as well as agreements with the US, Swiss and Brazilian authorities. There are preliminary agreements and ongoing collaborations also in Peru, Mexico and Angola. At the same time, the company is still prevented from being hired by the public sector in Peru, Mexico and Ecuador.