RSS   Newsletter   Contact   Advertise with us
Post Online Media
Scandal   $730 million annually

Brazil's Odebrecht paid $3.3 billion in bribes

OdebrechtOdebrecht, the Brazilian engineering company at the center of a historic corruption scandal, paid out a total of about $3.3 billion in bribes in the nine years through 2014, according to testimony cited by local media.

Article continues below

READ MORE Odebrecht and Braskem to pay $3.5bn in largest global foreign bribery case

Through a department specifically established to pay politicians and other recipients for public works contracts, Odebrecht paid as much as $730 million annually in both 2012 and 2013, the years when bribe payments peaked.

This is according to a spreadsheet that a former executive reportedly gave investigators as part of a plea deal.

The $3.3 billion figure, and related annual tallies as laid out in the spreadsheet, were reported on Saturday by the G1 news site of the Globo media group and the Estado de S. Paulo, a leading newspaper.

What to read next

We use cookies to ensure that we give you the best experience on our website. Please allow cookies for fully-functioning website.

Allow Cookies Privacy Policy