Brazil: Brazil prosecutor says any Odebrecht plea deal ‘months’ away

Author(s): UNK | Date: October 29, 2016 | Language: English
Source: | URL: | Type: Text

A long-anticipated plea bargain deal with the construction firm at the center of Brazil’s largest graft scheme is at least “months” away and could fall apart due to interference by fearful politicians, a top prosecutor told Reuters.
Construction firm Odebrecht SA [ODBES.UL], the largest in Latin America, is accused of being the main corporate driver behind the long-running massive political kickback scheme at state oil company Petrobras.
Local media reports of a nearly final plea bargain have heightened expectations of an impending political bombshell. If top Odebrecht executives turn state’s witnesses, they could implicate scores of politicians who took bribes.

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