Odebrecht and Braskem Plead Guilty and Agree to Pay at Least $3.5 Billion in Global P
These are the boys from Brazil who were uncovered in the "Operation Car Wash"....Odebrecht and Braskem used millions of dollars to bribe government officials around the world......lets focus on the DR.....
*"In or about and between 2001 and 2014, ODEBRECHT made and caused to be made more than $98 million in corrupt payments to government officials and intermediaries working on their behalf in the Dominican Republic. ODEBRECHT realized benefits of more than $163 million as a result of these corrupt payments"
*Page 19 Section D #54
Relationship between bribes and results (sales) in Latin America according to US Attorney Eastern District of NY Robert L. Capers and Chief Fraud Section Criminal Division US Department of Justice Andrew Weissmann
Last edited by Dolores; 12-26-2016 at 05:58 AM.
From the US Justice Department document referenced above:
The Dominican Republic
In or about and between 2001 and 2014, Odebrecht made and caused to be made more than $92 million in corrupt payments to government officials and intermediaries working on their behalf in the Dominican Republic. Odebrecht realized benefits of more than $163 million as a result of these corrupt payments.
For example, in order to secure certain public works contracts in the Dominican Republic, Odebrecht paid bribes to an intermediary responsible for interfacing with the government with the understanding that the intermediary would pass the money, in part, to government officials. Most of the payments were made with unrecorded funds from the Division of Structured Operations with the authorization of Odebrecht Employee 6. Through this agreement, Odebrecht was able to influence government budget and financing approvals for certain projects in the Dominican Republic.
In 28 yeas in construction in the Miami area only 3 companies beat me out of my money, and one of them was Oderbrecht of Brazil
Originally Posted by Dolores
Corruption appears to be much more efficient in the D.R. than in other Latin American countries.
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I read the sales vs the bribes with the DR being much less efficient than other countries. It could be my interpretation of that chart.
Originally Posted by peep2
They can engineer and build one heckuva road...
Sadly, it doesn't surprise me one bit. Graft is a way of life for many in the DR. It is the way business has been done since the Spanish settled Santo Domingo.
Originally Posted by Juan Bosch
The chart is missing data about Brazil..........Known Bribery $349 million--Resulting sales/bribery $1.9 billion......
Originally Posted by Dolores
Last edited by Dolores; 12-26-2016 at 05:59 AM.
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The DR got proportionally more bribe money for the amount sold to them than most of the other countries.
Originally Posted by windeguy