Testimony released by the Brazilian Supreme Court alleges that builders and politicians illegally profited from the construction of stadiums used in the 2014 football World Cup. The plea bargain testimony was given by executives working for Odebrecht – the continent’s biggest construction firm. They claim there were irregularities in the bidding process for six stadiums … Read more
A judge has sentenced the former speaker of the lower house of the Brazilian Congress, Eduardo Cunha, to 15 years and four months in prison. Cunha was found guilty of corruption, money laundering and tax evasion. He led the impeachment process against President Dilma Rousseff and was one of Brazil’s most powerful politicians before his … Read more
Brazil’s biggest construction firm, Odebrecht, has admitted in the US to bribing officials to secure contracts. The company and Brazilian petrochemical firm, Braskem, have agreed to pay at least $3.5bn (£2.8bn) to the authorities in the US, Brazil and Switzerland. The US Justice Department said it was the largest foreign bribery case yet. Odebrecht will … Read more
A former director of Brazilian engineering firm Odebrecht SA told prosecutors that the company made several illegal contributions to politicians from the ruling PMDB party including President Michel Temer, according to a report aired Friday night by Globo TV. If prosecutors prove the accusations, Temer could face an impeachment trial that could destabilize his six-month-old … Read more