Defaulting Odebrecht will pay millions more
The failure to pay the fines that Odebrecht had agreed to pay in 2019 and 2020, imposed for using the country’s financial system to launder money and distribute bribes, were revealed in a virtual press conference by the Anti-Corruption Prosecutor’s Office on Friday January 8.will cost the Brazilian constnruction company millions more.
The anti-corruption prosecutor Anilú Batista explained that in 2019, the construction company only paid $ 1.1 million, but had to pay $18.3 million, while in 2020 it did not pay anything.
She announced that they will apply the provision of the agreement ida(from November 2017) that says that an additional 5% will be charged for the amounts not paid annually.
The compliance section of the Public Ministry will be responsible for requesting a control hearing to analyze the matter. According to the prosecutor, they will do so once the judicial terms that are on pause by Covid-19 are restored.
The investigation ended last October with 101 defendants divided as follows: 61 structuring agents, 22 front men, and 18 final beneficiaries. Of those 18 final beneficiaries, 14 were civil servants, as explained by prosecutor Tania Sterling.
In total, the Brazilian construction company issued 251 “payment orders for illicit money.”
Among the accused in the process are former presidents blic Ricardo Martinelli (2009-2014), Juan Carlos Varela (2014-2019), as well as several former ministers, other officials who held key positions, and individuals.
