Colombia says Odebrecht still owes $120m for corruption By Reuters

by time news

2023-08-18 01:55:17

© Reuters.

By Luis Jaime Acosta

MEXICO CITY (Reuters) – The construction company formerly known as Odebrecht still owes Colombia’s government more than 494 billion pesos ($119.6 million) for damages caused by a years-old corruption scheme involving high-ranking politicians, it said. the country’s attorney general this Thursday.

Odebrecht has been at the center of Latin America’s biggest corruption scandal since it admitted in 2016 to bribing officials in dozens of countries.

The company changed its name in 2020 to Novonor in a rebranding after the corruption scandal.

In Colombia, the company paid around 30 million in bribes in exchange for infrastructure contracts, according to investigations by Colombia’s attorney general.

A report by the prosecutor’s office said 19 billion pesos had been recovered out of a total of 514 billion pesos in damage.

Odebrecht was awarded a contract in Colombia to build a 528-kilometer highway in 2010, a $1 billion contract it won by paying bribes, according to prosecutors.

Novonor did not immediately respond to requests for comment.

(Additional reporting by Carolina Pulice)

#Colombia #Odebrecht #owes #120m #corruption #Reuters

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