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

  1. #31
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    From the DR1 new report on Tuesday January 24th

    "Addendums to Odebrecht works sometimes doubled the original costs

    A report in El Dia explains that the final cost of most of the construction works carried out 2001-2014 by the Brazilian construction company Odebrecht were double the original cost estimates. The company and government officials are under investigation after a New York court revealed millions in bribes had been paid in the Dominican Republic for the company to secure contract work.

    The list of cost overruns reported in El Dia is:
    Pinalito Hydroelectric Dam. Original 2004 US$131.7M – final cost 2009 US$300M.
    Palomino Hydroelectric Dam. Original 2006 US$225M – final cost 2012 US$400M.
    Duarte I Corridor. 2009 US$163.9M – final cost 2012 US$204M.
    Coral Highway and bridge over Chavón River: 2009 US$272.2M – final cost 2012 US$400M.
    El Río-Jarabacoa road: 2010 US$71M, final cost 2012 US$100M.
    Hermanas Mirabal Aqueduct: 2010 US$51.3M – final cost 2015 US$110.2M
    Santiago bypass road: 2013 US$95M, final cost 2014 US$130M.

    http://eldia.com.do/adendas-a-obras-...tos-iniciales/"

    Now that changes payoff/benefit ratio quite a bit. The bribes don't surprise me. The fact that they are cold busted in front of the entire world and they seem to just be saying to everybody "talk to the hand" is amazing to me.

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  3. #32
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    I was a participant in the march in Santiago today against corruption and impunity because of the Odebrecht scandal.....in my estimation it was another successful march.....large crowds like in Santo Domingo, Puerto Plata and other places....many people are sick and tired of these politicians who have no ethics...the country is waking up....

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  5. #33
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    I was passing through before and after but not in the heat of things. I have to say by the pictures it looks like more people than at Carnival.

  9. #36
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    Quote Originally Posted by Juan Bosch View Post
    I was a participant in the march in Santiago today against corruption and impunity because of the Odebrecht scandal.....in my estimation it was another successful march.....large crowds like in Santo Domingo, Puerto Plata and other places....many people are sick and tired of these politicians who have no ethics...the country is waking up....
    Good to hear from somebody actively involved.

    An article today in Diario Libre is an interesting read and sums up some of the opinions I heard before the last election that change would not happen that election cycle but was inevitable with a growing middle class influencing politics to a greater degree going forward. I was not convinced it will happen in 2020 but that was before the Green Movement took hold.

    I wonder if it is too much to ask for intelligent and thoughtful comments in relation to this article and the ongoing Odebrecht scandal investigations.

    http://www.diariolibre.com/noticias/...cion-MC6675934

    translated....

    SANTO DOMINGO. The middle class has been empowered and given an ultimatum to the Dominican political system to take actions or matches are threatened with extinction, said experts consulted.
    Political scientist Freddy Angel Castro recalled that in the country of middle-class people have been the actors of the great changes.
    He argued that the middle class was an agent of change in the Era of Trujillo, since professionals are engaged against the dictator.
    "We are in the presence of an empowerment in terms of mobilisation of the middle class," said Castro.
    He said that in this case, in the Dominican Republic this phenomenon will radiate its political consciousness in the popular sectors and will impact on poor households.
    "To me what worries me is what is the agenda of the movement because sanctioning impunity have been raised, but I don't see a concrete approach in relation to the feasibility", emphasized.
    He argued that the green movement has a point of no return, so political parties have to take the signal, or otherwise that movement will take its toll in the upcoming elections of the 2020.
    He insisted that there are no conditions to play oblivion nor to cover the impunity, because already said the Brazilian Prosecutor who in June will be the records of cases of corruption.
    Send a message
    Iván Ogando, director of the Latin American Faculty of social sciences, program Dominican Republic (FLACSO-RD), recommended that the Government take advantage of this wave of indignation to carry out an example process, that sends a message that impunity has its limits in the country.
    "Would be a mistake to see it in general as something against the Government, I think it is something that the Government should be used to take measures that may seem difficult, but this would be an element that would allow him to justify those measures," he said.
    Ogando considered that the green movement continues to be a movement of legitimate civic pressure, hoping not to be handled by partisan political interests that may undermine its objectives.
    "In a motion such as this there is everything, there are parties who want to ride the wave, and I don't blame them, they have to take advantage of it," he said.
    "We are before an empowerment in terms of mobilisation of the middle class, which has been the agent of change"
    Freddy Angel Castro
    Political scientist


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