Odebrecht indicted for corruption, money laundering, fraud

MARCELO ODEBRECHT who heads the Brazilian construction giant that has won over $8 billion in contracts from successive Panama governments has been formally indicted for the crimes of “active corruption, money laundering, fraud in tenders and crime against economic order” in the framework of the investigation against him in the Petrobras corruption scandal.

According to information released by various media in Brazil, including the Folha de Sao Paulo, Valor Económico and Veja, evidence has been found of the president of Odebrecht “having paid bribes in seven Petrobras works.”
Marcelo Odebrecht has been jailed since June 19.
An exchange of emails in March 2011 is part of the evidence used by the Brazilian authorities to seek the arrest of Odebrecht, president of the biggest engineering and construction company in Latin America, and the Panamanian government’s largest contractor which has recently gained contracts for Colon redevelopment and Metro line 2, totaling around $2 billion,
According to the daily O Globo, in addition to Marcelo Odebrecht, four other executives were copied c on sent messages sent: Rogerio Marcio Araujo and Faria da Silva and Roberto Ramos (member of the board of Braskem and CEO of Odebrecht Oil & Gas) and Fernando Barbosa.