Job Lot: More Than 100 Projects in Twelve Countries

Item specifics

Condition	Guilty plea, final (2016-12-21)
Location	Twelve countries across Latin America and Africa
Seller	Foreign officials, parties, party officials and candidates in twelve countries
Winning bidder	Odebrecht S.A. (Brazil)
Category	Construction
Sold	2001–2016
Payment method	Unrecorded funds, funnelled through offshore entities
Returns	No returns. Paid: $93,000,000.00 (US Treasury), $2,391,000,000.00 (Brazil), $116,000,000.00 (Switzerland), 2017

Description

What the bribe bought

According to the U.S. Department of Justice, the bribes brought ill-gotten benefits to Odebrecht S.A. and its co-conspirators of approximately $3.336 billion.

Return on bribe: Every $1 of bribes earned about $4.23.Computed from the stated figures, both given as “approximately”.

What happened

Odebrecht S.A., a Brazilian holding company, paid approximately $788 million in bribes in association with more than 100 projects in twelve countries. Between 2001 and 2016 the money went to foreign officials, foreign political parties, party officials and candidates. Unrecorded funds were managed by a Division of Structured Operations and funnelled through offshore entities. The company pleaded guilty in U.S. federal court on 2016-12-21 and was sentenced on 2017-04-17.

Read the article

¿A dónde fueron a parar los más de US$780 millones que Odebrecht pagó en sobornos en 12 países? · BBC Mundo · Article in Spanish

Official record

Information, United States v. Odebrecht S.A., Cr. No. 16-643 (RJD), para. 21 · U.S. Department of Justice

Shipping & returns

Authority	Kind	Amount	Year
U.S. District Court, E.D.N.Y.	criminal fine to the US Treasury	$93M≈ €83.1MAs stated in the source: $93,000,000.00	2017
U.S. District Court, E.D.N.Y.	penalty to the government of Brazil	$2,391,000,000≈ €2.14BAs stated in the source: $2,391,000,000.00	2017
U.S. District Court, E.D.N.Y.	penalty to the government of Switzerland	$116M≈ €104MAs stated in the source: $116,000,000.00	2017