Wednesday, 9 March 2016

LAVA JATO-MARCELO ODEBRECHT




Marcelo Odebrecht, President of Odebrecht, Brazil's largest company in the construction sector, was this Tuesday, March 8, sentenced to a term of 19 years and four months in prison for corruption, money laundering and criminal association.
This is the latest development of the well-known and controversial Lava Jato research, a process that investigates corrupt practices in the Brazilian state oil company Petrobras is the center of operations.
According to the Brazilian newspaper Estado also Márcio Faria and Rogério Araújo, former directors of Odebrecht, were sentenced for the same crimes and with the same term of imprisonment.

The federal judge in charge of this investigation, Sergio Moro says, in the actions of Marcelo Odebrecht, that "the practice of corruption crime involved the payment of 108,809,565 reais and 35 million dollars to Petrobras agents, a value very expressive. "

There were other executives related to Odebrecht to be condemned. This is the case of the former director Alexandrian Alencar, sentenced to 15 years and seven months in prison for corruption and money laundering, and Cesar Ramos Rocha, sentenced to nine years and nearly 11 months imprisonment for corruption and criminal association.

However the Folha de S.Paulo said that Marcelo Odebrecht has already given permission for the construction company executives so that they can negotiate whistleblower agreements awarded to Justice, being the one to evaluate the possibility of taking a similar decision.

The award-winning tipoff is under Brazilian law and is a kind of legal benefit granted to a particular defendant to accept help and support the judicial investigation.


Also during Operation Lava Jato, Lula da Silva, former president of Brazil, had his home ransacked and was heard by the investigation on suspicion of having benefited from Petrobras payments scheme.

Saisi
 

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