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Spanish >> Latin America
Updated to 07/10/2018 – 13:48
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RIO DE JANEIRO, July 9 (Xinhua) – The Brazilian government announced today as he arrived at a leniency agreement with the construction company Odebrecht, in which the company, accused of participating in a vast network of corruption, will have to pay back some 2,700 million reais (700 million dollars) in public funds over the next 22 years. 19659005] At a joint press conference in Brasilia, Transparency Minister Wagner Rosario and Brazilian Attorney General Grace Mendonca informed about the agreement between the government and the company building, the largest in Latin America. They explained that out of the total amount that the company will return, 900 million reals ($ 233 million) are for bribes paid by the construction company to some 150 public officials, 1.3 billion reals ($ 337 million) $ 445 million reais ($ 114 million) for the fine applied to the company.
Previously, Odebrecht had agreed to repay 3.820 million reais ($ 1,000 million) to the Brazilian, US and Swiss authorities for the purpose. In this regard, Mendonca explained that the $ 2,700 million reais that Odebrecht will pay will part of the fine agreed with the three countries, while 1 090 million reais ($ 283 million) will be distributed between the United States, Switzerland and Brazil
Money can be paid up to # 39 to 22 years, with partial annual figures that will be corrected for inflation and basic interest rate, for which the General Law of the Union (AGU), which defends The Brazilian government estimates that the final value would be about 6,800 million reais ($ 1,765 million).
In addition to the payment of the fine, Odebrecht is committed to adopt According to Mendonca, the pact with Odebrecht will serve as a model in other leniency agreements signed by companies involved in the network of corruption around the state oil company Petrobras.
One of the clauses of the agreement provides that Odebrecht undertakes to return to the public funds of other countries the money obtained by bribes.
According to Mendonca, 49 Odebrecht contracts were analyzed with the federal government and "Given all this volume of information, we now have the maturity to sign a leniency agreement. as a very important state policy to fight corruption, "he explained.
Odebrecht acknowledged the damage done to the federal government with corrupt practices and undertook to repair the damage caused, in addition to assisting investigations; in exchange, the company will obtain the government's authorization to enter into new agreements with the public administration.
Odebrecht signed a leniency agreement with the governments of the United States and Switzerland, in which she admits to having paid more than $ 1,000 million in bribes Odebrecht is one of the related companies to the corruption network around Petrobras
The AGU signed four leniency agreements, which involved the return of 636 million reais. ($ 165 million) to Brazilian public funds, while nine other processes currently under negotiation provide for repayment of R $ 10,000 million ($ 2,600 million) to the public funds.
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