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  HOME | Peru

Peruvian Prosecutors Cut Deal with Brazil’s Odebrecht in Corruption Case

LIMA – Prosecutors reached an agreement with Odebrecht under which the Brazilian construction giant will provide information on bribes paid to officials in Peru in recent years, the Attorney General’s Office said Thursday.

“After 11 hours of talks, AG’s office reaches agreement with Odebrecht to obtain information and compensation #CasoOdebrecht,” prosecutors said in a Twitter post.

The Brazilian construction giant paid $29 million in bribes to Peruvian officials between 2005 and 2014, the years when Presidents Alejandro Toledo, Alan Garcia and Ollanta Humala were in office, an agreement signed by Odebrecht with the U.S. Justice Department last week showed.

On Monday, Attorney General Pablo Sanchez and Hamilton Castro, the prosecutor in charge of corruption cases, said prosecutors were in talks to obtain information and compensation from Odebrecht.

The information obtained will help speed investigations and prosecutions, the officials said, adding that the initial compensation paid by the company would not reduce future financial penalties.

“The turnover of this money is very important because that is not how it was done in the United States, Switzerland and Brazil, where payment was made at the end of the process,” Castro said.

Odebrecht, for its part, said in a statement that it was committed to cooperating with the investigations underway in Peru and would continue the process of internal organizational reform, including the adoption of a new code on corrupt activities.

A congressional committee chaired by Victor Albrecht also plans to investigate the Odebrecht case.

Congress voted on Nov. 10 to give the committee 180 days to complete its investigation.

 

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