A package of leniency deals poised to be signed by the construction giant’s executives with prosecutors will not only have consequences in Brazil, but also in several other countries in the region.
Archive of: 2016
It’s a pivotal moment for Mexico as a regional governor goes missing amid massive fraud claims just as a drive to implement a package of aggressive anti-corruption reforms gains traction.
The blocking of the referendum process will exacerbate tensions inside the military, where some officers and troops have also favoured a recall.
Fears that the rejection of the FARC accord will tip the country back into civil war are overblown. But it is equally farfetched to think that peace will trigger an economic boom.
Prosecutors say bribes were managed using a software system which catalogued the amounts paid, the codenames of their recipients, how the payments were physically made, and in reference to which project.
For corruption watchers in the region, there has long been suspicion over how Odebrecht managed to capture such an extensive array of public sector infrastructure contracts worth billions of dollars, beyond just being good at building bridges, highways and airports.
Bankers and financial regulators in Panama were celebrating after the Paris-based Financial Action Task-Force removed the country from its list of high-risk money-laundering jurisdictions.
Investigators have reportedly seized a list of hundreds of offshore companies - and their Brazilian shareholders - set up by Mossack Fonseca, a potential goldmine of information that could accelerate the pace of Lava Jato and spark other money-laundering probes.
The Supreme Court has ruled that the banking superintendent, SBP, must maintain the identity of the banks that have been sanctioned for money-laundering and other compliance failures as confidential.
Various former Mexican state governors are being investigated for money-laundering and links to organised crime, both in Mexico and in the US.