2017News

Odebrecht offers US$184 million in compensation

Odebrecht headquarters in Brazil

The Brazilian construction company Odebrecht has announced that it has been in discussions with the Attorney General’s Office about the timeline and conditions of the payment of US$184 million to the Dominican state as compensation for bribes paid to Dominican officials in order to win contracts. The payment would cover the total amount of the bribes, estimated at US$92 million. An additional US$92 million would be paid to the country as direct compensation for having committed the illegal actions.

According to Odebrecht’s lawyer, Robert Valdez, the negotiations are ongoing but the financial part of the proposal has been agreed upon by the company and the Dominican government.

However, Valdez complained that there is now inflexibility on the part of the Attorney General Office as far as the payment terms are concerned.

Read more in Spanish:
Diario Libre

25 January 2017