Odebrecht Sued by Panama for Failing to Pay Part of $220 Million Fine Over Corruption and Bribery Agreement

Written by Flavia Marinho

Published on 13/01/2021 at 13:45

Updated on 13/01/2021 at 13:46

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Panama Prohibited Odebrecht From Participating in New Public Works Bids in the Country Until the Brazilian Construction Company Pays Back the Embezzled Money.

The Attorney General of Panama, Eduardo Ulloa, announced last Tuesday that he will prosecute Odebrecht for not paying a portion of the $220 million fine established in an agreement signed as part of the investigation into bribes paid by the company in exchange for public contracts. Odebrecht Loses in Court Control of Atvos, One of the Largest Ethanol Producers in Brazil

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In July 2017, the Attorney General’s Office of Panama and Odebrecht signed an agreement in which the company committed to paying a $220 million fine within 12 years, which was validated by a Panamanian court.

In an “initial analysis” conducted by the Public Ministry (MP-Procuradoria), it was “concluded that Odebrecht did not comply with the agreement and did not pay its share in the years 2019 and 2020,” said the head of the judicial institution.

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About the Corruption and Bribery Case of Odebrecht in Panama

The investigation into the Odebrecht case in Panama was concluded in October 2020 with a hundred defendants, but none convicted to date.

Among those accused of money laundering in the Odebrecht case are former presidents Ricardo Martinelli (2009-2014), accused of demanding bribes from the company, and former president Juan Carlos Varela (2014-2019), accused of receiving illegal financing from the construction company for his electoral campaigns.

The Panama chapter of Transparency International (TI) indicated in a document that relatives of former presidents, several former state ministers, and former officials of the governments of Varela, Martinelli, and Martín Torrijos (2004-2009) are also accused.

It also warned that the trial could last for years, given the number of accused and their lawyers, around 180 people, which will make the notification process and the holding of the preliminary hearing complex, requiring the presence of all those involved. (I)

Odebrecht Sued by Panama for Failing to Pay Part of $220 Million Fine Over Corruption and Bribery Agreement

Panama Prohibited Odebrecht From Participating in New Public Works Bids in the Country Until the Brazilian Construction Company Pays Back the Embezzled Money.

Read Also

About the Corruption and Bribery Case of Odebrecht in Panama

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Odebrecht Sued by Panama for Failing to Pay Part of $220 Million Fine Over Corruption and Bribery Agreement

Panama Prohibited Odebrecht From Participating in New Public Works Bids in the Country Until the Brazilian Construction Company Pays Back the Embezzled Money.

Read Also

About the Corruption and Bribery Case of Odebrecht in Panama

See Below the Amounts Paid in Bribes by Odebrecht in Latin America

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While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

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