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Will Odebrecht survive?

Tom Fox | July 3, 2017

After holding the record for the largest corruption related fine, $2.6bn paid to three countries, for a short few months, the Brazilian construction giant Odebrecht was overtaken by the Brazilian meat processing giant J&F Investments which clocked in with a $3.2bn fine in April. The entire amount was payable to the Brazilian government and J&F may face additional penalties from other countries. But Odebrecht is not out of the woods yet, as it may face additional penalties for its Americas-wide institutionalized program of bribery and corruption.

Odebrecht is trying to salvage itself from the ruins of its corrupt run as one of the leading construction companies in the Americas. In 2015, it saw revenues exceed $40bn, but now that has sorely dropped. One of the reasons is the company has been cut off from its prime source of credit, the Brazilian state development bank of BNDES, which is...

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