Odebrecht signs cooperation agreement with Peru, sources say – 12/9/2018 – Market



[ad_1]

Odebrecht signed a cooperation agreement with the Peruvian authorities providing for the payment of a civil damages penalty of $ 1 million and the cooperation of investigations for paying bribes to win contracts for infrastructure works, according to sources close to the case. The agreement will allow Odebrecht to continue operating in Peru. In return, the Brazilian society will have to provide evidence and testimony from its leaders about public and political officials who have been victims of corruption since the beginning of the last decade.

Two sources stated that the fine amounted to 182 million US dollars (about R $). 709), to be paid within 15 years, as a result of Odebrecht's recognition that she had paid bribes in six contracts involving four works of infrastructure.

The third source indicates that the company will pay 680 million soles. $ 200 million), including a fifth book in which the construction company admitted the payment of bribes.

Representatives of the local office of Odebrecht did not wish to comment on this information.

"The payment period of 15 years"

The same source stated that the evidence of corruption would not only serve the investigations, but also civil damages, because Odebrecht is technically broken. so that the Attorney General can use the information and, where appropriate, that the State can impose a remedy on the local partners of the Brazilian society.

The three sources stated that the agreement was signed Saturday morning after 12 hours of negotiations. and revision of the text between the representatives of the prosecutor's office, the prosecutor's office and the Odebrecht branch.

Authorities plan to interview several officials of Odebrecht in Brazil in January, including Jorge Barata, the former head of the company in Peru.

Under the terms of the agreement, Odebrecht admits to having paid bribes to obtain six contracts. Two of them are related to the construction of a road that connected Brazil to Peru under the government of President Alejandro Toledo, who ruled the country between 2001 and 2006. Two of these sources said they know the city. 39; agreement.

Two other contracts correspond to construction work. Lima Metro, run between 2006 and 2011 under the second government of President Alan García.

Sources also indicated that contracts for the widening of the Costa Verde-Callao Corridor on the Lima coast were the subject of an investigation.

The "Chacas" project in the Andean region of Ancash

is a fifth work in which Odebrecht admitted to having paid bribes. Peru has shaken the image of four former presidents and opposition leader of the country, Keiko Fujimori, who is serving a three-year prison sentence for alleged money laundering.

President Alan Garc at Ollanta Humala and Pedro Pablo Kuczynski are also studied in the country, while Alejandro Toledo has a request for extradition from the United States.

Odebrecht began operating in Peru for four decades and was heavily affected by corruption in the country. The company currently employs 2,000 people in the country, compared to 20,000 at its peak.

[ad_2]
Source link