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CORRUPTION, INC. | LEVEL 02


Prosecutors 'speechless'


In the case brought by the US Department of Justice, with Brazil and Switzerland in December 2016, Odebrecht and its petrochemical subsidiary, Braskem, admitted bribery to the tune of $788m (£553m) and agreed a record-breaking fine of at least $3.5bn.
The construction giant paid off politicians, political parties, officials of state-owned enterprises, lawyers, bankers and fixers to secure lucrative contracts in Brazil and abroad.
The huge construction company paid off politicians, political parties, officials of state-run companies, lawyers, bankers and fixers to secure lucrative contracts in Brazil and abroad.

Apart from being the largest international bribery case ever, the Odebrecht story has one component that makes it exceptional: this was a corporation that created a bespoke department to manage its crooked deals - something prosecutors in Brazil and the US had never seen before.
"In the Odebrecht case, there are many reasons for you to become speechless," says Deltan Dallagnol, lead prosecutor in Curitiba.
"How a company created a whole system only to pay bribes, and how many public agents were involved. This case implicated almost one-third of Brazil's senators and almost half of all Brazil's governors.
"One sole company paid bribes in favour of 415 politicians and 26 political parties in Brazil. It makes the Watergate scandal look like a couple of kids playing in a sandbox."
And the web of corruption had tentacles reaching to Africa and across the region.
The president of Peru was forced to resign last month in allegations related to Odebrecht. The vice-president of Ecuador is in prison.
Politicians and officials from 10 Latin American nations continue to fall under the Odebrecht bus.

LEVEL 03
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