New leads in Odebrecht case must be followed up in 11 countries after settlement

Issued by Transparency International Secretariat



Translations: ES


Transparency International today calls on the national prosecutors of 9 Latin American countries and two African countries to ask US, Brazilian and Swiss prosecutors to share the evidence in their $2.6 billion settlement with Brazilian construction company Odebrecht. This information can be used to investigate those who accepted bribes and allowed Odebrecht to steal business from rivals in these 11 countries.

The settlement reached between prosecutors and Odebrecht cracks wide open the global grand corruption machine, exposing a financial network involving shell companies and several banks to funnel more than $788 million dollars in bribes to corrupt government officials and political parties and their leaders in Angola, Argentina, Colombia, Dominican Republic, Ecuador, Guatemala, Mexico, Mozambique, Panama, Peru and Venezuela.

“The authorities in these countries must act now on this information. There should be no impunity for bribery. The evidence should be shared and the guilty brought to justice,” said Transparency International Chair José Ugaz.

“Prosecutors from these 11 countries should work together in a joint investigation team, as recommended by the United Nations Convention against Corruption, to make their work more effective and potentially create a more timely and sustained approach to create accountability,” Ugaz added.

The US Justice Department yesterday said Odebrecht S.A. and Braskem S.A., a Brazilian petrochemical company related to Odebrecht, pleaded guilty and agreed to pay a combined total penalty of at least $3.5 billion to resolve charges with authorities in the US, Brazil and Switzerland relating to schemes to pay hundreds of millions of dollars in bribes to government officials.

Odebrecht’s Division of Structured Operations -- called a “Department of Bribery” by US Department of Justice -- systematically undermined the integrity of government officials across Latin America and in Angola and Mozambique.

Now that prosecutors in Brazil, the US and Switzerland have done their part in bringing a conclusive settlement to this global criminal case, it’s time for other countries to follow the many leads provided and not let Odebrecht and the bribe-taking high level officials avoid further prosecution with impunity. 


For any press enquiries please contact

T: +49 30 34 38 20 666
E: .(JavaScript must be enabled to view this email address)

Latest

Support Transparency International

Anti-Corruption Award 2018 - Nominations Open!

Our Anti-Corruption Award recognises the courage and determination of the many individuals and organisations fighting corruption around the world.

Nominate an anti-corruption hero today! 

After Gürtel, what next for Spain’s struggle with political corruption?

At the start of June, the Spanish parliament voted to oust Prime Minister Rajoy after his political party was embroiled in the biggest corruption scandal in Spain’s democratic history. At this critical juncture in Spain’s struggle with political corruption, Transparency International urges all parties to join forces against impunity and support anti-corruption efforts in public life.

Risk of impunity increases with outcome of Portuguese-Angolan corruption trial

A verdict last week by the Lisbon Court of Appeals in the trial of former Angolan vice president Manuel Vicente has disappointed hopes for a triumph of legal due process over politics and impunity. It also has worrying implications for the independence of Portugal’s judiciary.

The UK just made it harder for the corrupt to hide their wealth offshore

If counted together, the United Kingdom and its Overseas Territories and Crown dependencies would rank worst in the world for financial secrecy. Fortunately, this could soon change.

The new IMF anti-corruption framework: 3 things we’ll be looking for a year from now

Last Sunday, the International Monetary Fund (IMF) unveiled its long-awaited framework for “enhanced” engagement with countries on corruption and governance issues. Here are three aspects we at Transparency International will be looking at closely in coming months as the new policy is rolled out.

While the G20 drags its feet, the corrupt continue to benefit from anonymous company ownership

The corrupt don’t like paper trails, they like secrecy. What better way to hide corrupt activity than with a secret company or trust as a front? You can anonymously open bank accounts, make transfers and launder dirty money. If the company is not registered in your name, it can't always be traced back to you.

Urging leaders to act against corruption in the Americas

The hot topic at the 2018 Summit of the Americas is how governments can combat corruption at the highest levels across North and South America.

The impact of land corruption on women: insights from Africa

As part of International Women’s Day, Transparency International is launching the Women, Land and Corruption resource book. This is a collection of unique articles and research findings that describe and analyse the prevalence of land corruption in Africa – and its disproportionate effect on women – presented together with innovative responses from organisations across the continent.

Social Media

Follow us on Social Media