RENEGOTIATIONS AND CORRUPTION IN INFRASTRUCTURE: THE ODEBRECHT CASE

In 2016, Brazilian construction firm Odebrecht was ned $2.6 billion by the US Department of Justice (DOJ). According to the plea agreement, between 2001 and 2016 Odebrecht paid $788 million in bribes in 10 Latin American and two African countries in more than 100 large projects. The DOJ estimated that bribe payments increased Odebrecht’s prots by $2.4 billion.