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Thread: Odebrecht and Braskem Plead Guilty and Agree to Pay at Least $3.5 Billion in Global P

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    Default 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

    https://www.justice.gov/opa/press-re...19911/download

    https://www.justice.gov/opa/pr/odebr...alties-resolve

    http://www.reuters.com/article/us-br...-idUSKBN14A1QE

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    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
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    Last edited by Dolores; 12-26-2016 at 05:58 AM.

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    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.

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    Quote Originally Posted by Dolores View Post
    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
    Der Fish

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    Corruption appears to be much more efficient in the D.R. than in other Latin American countries.

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    Quote Originally Posted by peep2 View Post
    Corruption appears to be much more efficient in the D.R. than in other Latin American countries.
    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.

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    Too bad.

    They can engineer and build one heckuva road...

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    Quote Originally Posted by Juan Bosch View Post
    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

    https://www.justice.gov/opa/press-re...19911/download

    https://www.justice.gov/opa/pr/odebr...alties-resolve

    http://www.reuters.com/article/us-br...-idUSKBN14A1QE
    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.

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    Quote Originally Posted by Dolores View Post


    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
    The chart is missing data about Brazil..........Known Bribery $349 million--Resulting sales/bribery $1.9 billion......
    Last edited by Dolores; 12-26-2016 at 05:59 AM.

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    Quote Originally Posted by windeguy View Post
    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.
    The DR got proportionally more bribe money for the amount sold to them than most of the other countries.

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