Odebrecht

Odebrecht Organization
Privately held company
Industry Conglomerate
Founded 1944
Founders Norberto Odebrecht
Headquarters Salvador, Brazil
Key people
 Marcelo Odebrecht, (CEO)
Products Construction, Engineering, Aerospace, Environmental Engineering, Petrochemicals, Chemicals, Utilities, Ethanol, Real estate, Infrastructure, Defense, Transportation, and others
Revenue Increase US$ 31.0 billion (2014)
Increase US$ 207.6 million (2013)
Number of employees
 181,000[1]
Subsidiaries Construtora Norberto Odebrecht
Odebrecht Oil and Gas
Foz do Brasil
Odebrecht Realizações Imobiliárias
Odebrecht Infraestrutura
Odebrecht Agroindustrial,
Braskem,
Odebrecht Administradora E Corretora De Seguros
Odeprev Odebrecht Previdência
Odebrecht Foundation,
Mectron
Odebrecht Energia
Website www.odebrecht.com.br

Odebrecht Organization is a Brazilian conglomerate consisting of diversified businesses in the fields of engineering, construction, chemicals and petrochemicals. The company was founded in 1944 in Salvador da Bahia by Norberto Odebrecht, and is now present in South America, Central America, North America, the Caribbean, Africa, Europe and the Middle East. Its leading company is Norberto Odebrecht Construtora.[2]

Odebrecht S.A. is a holding company for Construtora Norberto Odebrecht S.A., the biggest engineering and contracting company in Latin America, and Braskem S.A., the largest petrochemicals producer in Latin America and one of Brazil's five largest private-sector manufacturing companies. Odebrecht controls Braskem, the fifth largest in the world, with exports to 60 countries in all continents of the world. By revenue Braskem is the fourth largest petrochemical company in the Americas and the seventeenth in the world.

On 19 June 2015, Brazilian authorities arrested the CEO, Marcelo Odebrecht, in connection with their ongoing probe into bribes paid by the Brazilian oil giant, Petrobras.[3] On 7 March 2016 he was sentenced to 19 years and 4 months jail, for paying over US$30 million in bribes to executives of Petrobras, in exchange for contracts and influence.[4][5]

Timeline

Corporate structures

In February 2016, amidst the Peruvian Presidential Race, a report from the Brazilian Federal Police, implicated Peruvian President Ollanta Humala as recipient of bribes from Odebrecht in exchange of assigned public works. President Humala rejected the implication and has avoided any confrontation with the Media on that matter.[9][10]

On 4 March 2016, former Brazilian President Luiz Inácio Lula da Silva was detained and questioned for three hours as part of a huge fraud inquiry into the state oil company Petrobras. The former president's house was raided by federal police agents and he was brought in for questioning. Lula, who left office in 2011, has denied allegations of corruption. The long-running inquiry, known as Operation Car Wash, is probing accusations of corruption and money laundering at Petrobras. Dozens of executives and politicians have been arrested or are under investigation on suspicion of overcharging contracts with Petrobras and using part of the money to pay for bribes and electoral campaigns. Police said they had evidence that Lula, 70, received illicit benefits from the kickback scheme. Lula's institute said in a statement the "violence" against the former president was "arbitrary, illegal and unjustifiable", as he had been co-operating with the investigations. [11]

Rankings

2009 Engineering News-Record magazine rankings

Notable projects

USA
Peru

References

  1. ↑ About the Group. odebrecht.com. retrieved 7 April 2015
  2. ↑ http://www.odebrecht.com.br/en/odebrecht-organizations/corporate-structure
  3. ↑ http://www.nytimes.com/2015/06/20/business/international/brazil-arrests-head-ofodebrecht-in-petrobras-scandal.html?_r=0
  4. ↑ Fonseca, Pedro (8 March 2016). "Former Odebrecht CEO sentenced in Brazil kickback case". Reuters. Retrieved 8 March 2016.
  5. ↑ "Brazil Petrobras scandal: Tycoon Marcelo Odebrecht jailed". BBC. 8 March 2016. Retrieved 8 March 2016.
  6. ↑ Jelmayer, Rogerio (2015-04-15). "Brazil Police Arrest Workers' Party Treasurer Joao Vaccari Neto". Wall Street Journal. Retrieved 27 August 2015.
  7. ↑ MAGALHAES, LUCIANA (3 August 2015). "Brazilian Police Arrest José Dirceu, Ex-Chief of Staff, in Petrobras Probe". WSJ. Retrieved 9 September 2015.
  8. ↑ Romero, Simon (2015-08-21). "Expanding Web of Scandal in Brazil Threatens Further Upheaval". New York Times. Retrieved 9 September 2015.
  9. ↑ Leahy, Joe. "Peru president rejects link to Petrobras scandal". FT.com. Financial Times. Retrieved 24 February 2016.
  10. ↑ Post, Colin. "Peru: Ollanta Humala implicated in Brazil's Carwash scandal". www.perureports.com. Retrieved 23 February 2016.
  11. ↑ http://www.bbc.com/news/world-latin-america-35725415
Wikimedia Commons has media related to Organização Odebrecht.
This article is issued from Wikipedia - version of the 9/27/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.