11 Facts About Odebrecht


Odebrecht S A, officially known as Novonor, is a Brazilian conglomerate, headquartered in Salvador, Bahia, Brazil, consisting of diversified businesses in the fields of engineering, construction, chemicals and petrochemicals.

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Odebrecht was founded in 1944 in Salvador, Bahia by Norberto Odebrecht, and is present in the regions of the Americas, the Caribbean, Africa, Europe and the Middle East.

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Odebrecht S A is a holding company for Construtora Norberto Odebrecht S A, the biggest engineering and contracting company in Latin America, and Braskem, the largest petrochemicals producer in Latin America and one of Brazil's five largest private-sector manufacturing companies.

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Name Odebrecht has become shorthand for an unprecedented regional bribery scandal.

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Odebrecht has been central to the Operation Car Wash scandal.

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In 2002, Odebrecht established Braskem, a petrochemical company that went on to become Latin America's largest.

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In 2007, Odebrecht Agroindustrial was established to produce ethanol, sugar, and energy.

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Odebrecht was imprisoned in October 2016 and his accounts frozen.

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At least $92 million of the bribes Odebrecht has admitted making were paid in the Dominican Republic, and 14 people were charged with bribery or money laundering.

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Odebrecht is the largest government contractor in Panama, with contracts over 500 million, including a subway line in Panama City.

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Odebrecht Case is one of the largest corruption cases in recent Latin American history, spanning more than 30 years.

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