Brazil’s Odebrecht says it reaches cooperation agreement with Peru

February 15, 2019

SAO PAULO (Reuters) – Scandal-plagued Brazilian builder Odebrecht SA said on Friday it had agreed to terms with the Peruvian government to fully cooperate with local investigators.

Odebrecht is at the center of the so-called Car Wash investigation in Brazil, which has rippled across Latin America and which U.S. prosecutors have said is the biggest political graft scheme ever uncovered.

In 2016, Odebrecht acknowledged it had paid millions of dollars in bribes to officials in a dozen countries to secure public works contracts dating back over a decade. The company has committed to paying billions of dollars in fines.

Odebrecht said in a statement on Friday that its agreement with the Peruvian government was its eighth with countries including the United States and Brazil.

“The company will continue to seek similar understandings with other countries where it is present, aiming to achieve greater legal certainty for its operations and the commitment to support investigations,” it said in a statement.

(Reporting by Alusio Alves in Sao Paulo; Editing by Matthew Lewis)

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