Brazilian court rules Odebrecht cannot restructure the US$184 million deal with the Dominican Republic

Dolores

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A Brazilian court has ruled that Odebrecht must continue paying a bribery fine to the Dominican Republic. The court did not accept the debt being listed for restructuring due to the Brazilian construction company’s bankruptcy reorganization proceedings.



The company had only paid US$60 million of the US$184 million it had agreed to pay when it stopped payments.



Odebrecht is now in arrears for US$48 million on the agreement signed by the past Attorney General Jean Alain Rodríguez and by which the Dominican government agreed not to process Odebrecht executives for the bribery crime in the Dominican Republic. The US$184 million represents double the US$92 million the Brazilian company admitted paying in bribes in the Dominican Republic to government officials to ensure Odebrecht government contract works.



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CristoRey

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Fantastic.
Hitting them where it hurt$ the mo$t
i$ and alway$ will be the mo$t effective
way to teach them a le$$on.