Odebrecht’s bribery division ran deeper than we thought
In December 2016, when Odebrecht admitted to running a transnational corruption scheme, it sent shockwaves through Latin America. Governments fell, high-profile politicians went to jail, and thousands of projects were shut down. Odebrecht admitted to paying USD 788m in bribes between 2001 and 2016—which resulted in USD 3.3bn in unlawful benefits—in a deal with the U.S. Department of Justice.
Turns out Odebrecht wasn’t telling the whole truth.