Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
World

Brazil Judge Lifts Order Mandating Odebrecht Payments to Gov't

The leniency deal Odebrecht signed includes $2 billion in fines: the largest such penalty yet levied against any company

The corporate logo of Odebrecht is seen next to a text in a structure that reads "Designed and made in Venezuela" in a construction site in Caracas, photo: AP/Carlos Garcia Rawlins
By Reuters Whatsapp Twitter Facebook Share
3 months ago

SÃO PAULO – A federal judge in Brazil on Friday suspended an order that required two units of construction firm Odebrecht to make monthly payments amounting to 3 percent of their monthly revenues to a government account, according to a court document.

Judge Friedmann Wendpap ruled that the two units of the Brazilian builder, at the center of the biggest-ever corruption scandal in Brazil, no longer needed to make the payments because of a leniency deal Odebrecht signed with Brazilian, U.S. and Swiss prosecutors in December.

The two units, Construtora Norberto Odebrecht and Odebrecht Plantas Industriais e Participações, had been obliged to make the payments in connection with the ongoing “Car Wash” investigation into political kickbacks centered around state-run oil company Petrobras.

The leniency deal Odebrecht signed includes $2 billion in fines: the largest such penalty yet levied against any company. Since then, several nations where Odebrecht has admitted to paying bribes are also seeking to levy fines against the company.

The judge said that Brazil’s attorney general’s office, which had asked the court to order the Odebrecht units’ payments in November, had 30 days to appeal his order.

Comments Whatsapp Twitter Facebook Share
More From The News
Business

FACT CHECK: Budget Chief Slams Obama Gro ...

7 hours ago
Sports

Faster, Higher, Rustier: Medals From Rio ...

7 hours ago
World

Trump Budget Keeps Pledges: Cuts for Poo ...

7 hours ago
Sports

NFL Cuts OT to 10 Minutes and Opens Up E ...

8 hours ago
Most Popular

San Miguel’s Theater Festival

By Ricardo Castillo
Mexico

Institutional Revolutionary Party Celebr ...

By César Aguilar
Mexico

Chapo's Lawyer Claims Renato Sales Took ...

By Jesús Velázquez
Mexico

Guerrero Governor Makes Waves by Touting ...

By The Associated Press
Mexico

Fire in Tepoztlán continues Due to Stron ...

By Maricela Bastida
Mexico