What happened to Odebrecht?
The name Odebrecht has become shorthand for an unprecedented regional bribery scandal. 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 involved in Odebrecht?
Specifically, Weinzierl, Waldstein, and their co-conspirators allegedly used fraudulent transactions and sham agreements to move more than $170 million from bank accounts in New York held in the name of Odebrecht, through the Austrian Bank, to offshore shell company bank accounts secretly owned and controlled by …
Where are the headquarters of the Odebrecht conglomerate?
Salvador, State of Bahia, BrazilNovonor / Headquarters
Is Odebrecht still in jail?
In March 2016, he was sentenced to 19 years in prison for paying more than $30 million in bribes….
| Marcelo Odebrecht | |
|---|---|
| Term | 2008–2015 |
| Successor | Newton de Souza |
| Criminal status | Serving penalty from home after 2 years and six months in prison |
Who was involved in the Odebrecht scandal?
The Odebrecht case represents one of the largest transnational bribery schemes ever uncovered in Latin America, in which at least 10 countries were involved (Argentina, Brazil, Colombia, Dominican Republic, Ecuador, Guatemala, Mexico, Panama, Peru, and Venezuela).
Why is it called Operation Car Wash?
The investigation is called “Operation Car Wash” because it was first uncovered at a car wash in Brasília.
Who is the owner of Petrobras?
Government of Brazil
Petrobras
| Petrobras headquarters in downtown Rio de Janeiro, built by Odebrecht S.A. | |
|---|---|
| Net income | US$ 10.1 billion (2019) |
| Total assets | US$ 229.7 billion (2019) |
| Total equity | US$ 74.4 billion (2019) |
| Owner | Government of Brazil (50.26%) |