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Odebrecht signs leniency agreement with the US and Switzerland.

The task force of prosecutors working on the Lava Jato Operation investigations confirmed that the construction company Odebrecht has reached a leniency agreement with the United States and Switzerland; according to the clauses, the company has committed to paying a fine of R$ 8,5 billion in order to suspend all actions involving the construction company and Braskem, one of the group's companies; according to the Federal Public Prosecutor's Office, it is the largest agreement in a corruption case in the world.

Odebrecht (Photo: Leonardo Lucena)
André Richter - Reporter for Agência Brasil

The task force of prosecutors working on the Lava Jato Operation investigations confirmed this Wednesday (21) that the construction company Odebrecht has reached a leniency agreement with the United States and Switzerland. According to the clauses, the company has committed to paying a fine of R$ 8,5 billion so that all actions involving the construction company and Braskem, one of the group's companies, will be suspended.

According to the Federal Public Prosecutor's Office (MPF), it is the largest agreement in a corruption case in the world. Upon reaching the agreement, the construction company committed to revealing all illicit acts committed at Petrobras and other public bodies involving federal, state, and municipal governments. In exchange for the information, Odebrecht will be able to continue its activities.

"The leniency and plea bargain agreements signed over the past two years by the Lava Jato task force were essential for expanding the investigations and uncovering the largest corruption scheme ever investigated in Brazil. They also enabled the recovery of record-breaking amounts of damages to public coffers, which are among the largest in agreements of this kind worldwide," says a statement from the Federal Public Prosecutor's Office.

betrayal

In addition to the leniency agreement, Odebrecht executives signed a plea bargain agreement in which they named politicians to whom the company made campaign donations, which allegedly had illicit origins. The testimonies were sent on Monday (19) to Supreme Court for approval.