No menu items!

Petrobras allows Odebrecht to reapply for contracts

Petrobras has lifted the ban on Odebrecht, allowing the contractor to participate in contract bidding processes.

Odebrecht, along with Andrade Gutierrez and UTC, was previously barred from doing business with Petrobras due to their involvement in corruption schemes investigated by Operation Lava Jato.

Petrobras has stated that a total of 31 companies, both domestic and foreign, are qualified to provide services.

Petrobras allows Odebrecht to reapply for contracts. (Photo Internet reproduction)
Petrobras allows Odebrecht to reapply for contracts. (Photo Internet reproduction)

However, any company interested in working with Petrobras must demonstrate compliance with the Petrobras Compliance Program, commit to anti-corruption laws and integrity policies, and be free from any sanctions.

In April of this year, Marcelo Odebrecht, the heir of the contractor, completed his corruption sentence.

Marcelo had previously been sentenced to prison for crimes including corruption, money laundering, and criminal association.

However, his sentence was reduced and replaced with public service as part of plea agreements.

The founder of Odebrecht, Emílio Odebrecht, was also arrested for corruption but benefited from a whistle-blowing agreement.

Operation Lava Jato has targeted a total of 77 Odebrecht employees.

Check out our other content

×
You have free article(s) remaining. Subscribe for unlimited access.