Corruption Incorporated: The Odebrecht Story

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Odebrecht was one of Brazil’s premier companies – the largest construction firm in Latin America. But some of its success in securing multi-million dollar contracts across the region was built on a policy of colossal bribery. This edifice of graft began to crumble when the Brazilian authorities started to investigate the state-owned oil company, Petrobras. As a result, CEO Marcelo Odebrecht was convicted of paying millions of dollars in bribes to Petrobras executives in cash-for-contracts. The testimony of Odebrecht executives in plea-bargain agreements with prosecutors continues to have fall-out in an election year, especially with former President, Luiz Inacio Lula da Silva now in jail on charges related to Brazil’s wider corruption scandal. Across the region, heads have rolled in the wake of the revelations. Peru’s president was recently forced to resign and Ecuador’s vice-president is in prison. Linda Pressly visits Panama, where Odebrecht remains in the headlines, and where there are demands to terminate the company’s on-going contracts. And in Sao Paulo she meets Odebrecht’s new CEO, Luciano Guidolin, who tells her the company will be compliant. It will not tolerate corruption. Meanwhile, the Federal Police of Brazil continue to attempt to crack the codes that prevent them from fully accessing Odebrecht’s encrypted computer system. Presenter: Linda Pressly Producer in Brazil: Jessica Cruz