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Odebrecht to pay $41.7 mln to Eletrobras in new leniency deal


 

By Reuters

SAO PAULO
Petroleumworld 01 03 2019

Brazilian construction conglomerate Odebrecht SA has agreed to pay 161.9 million reais ($41.72 million) to Centrais Eletricas Brasileiras SA in a deal with authorities to help settle corruption allegations against it, according to a securities filing on Wednesday.

Eletrobras, as the state-run power holding company is known, said the payment refers to losses in relation to the construction of Santo Antonio and Belo Monte hydroelectric dams. In 2016, Odebrecht acknowledged in a leniency deal that it had bribed officials in a dozen countries to secure public works contracts. ($1 = 3.8804 reais)


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Reporting by Carolina Mandl, editing by Louise Heavens from Reuters.

reuters.com 01 02 2018

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