Brazil's Odebrecht construction company turned corruption into a continent-wide subscription service. The firm agreed to pay $2.6 billion in fines — the largest foreign bribery settlement in history at the time — after admitting it had systematically bribed politicians and officials across Latin America and beyond to secure construction contracts. The scheme, uncovered as part of Brazil's 'Operation Car Wash' investigation, implicated presidents, ministers, and party officials in Brazil, Peru, Panama, the Dominican Republic, Venezuela, and at least six other countries. Odebrecht didn't just pay bribes; it built a dedicated department for it, complete with encrypted communications and offshore accounts. Prosecutors in multiple jurisdictions confirmed the scale. Streets filled with protesters from Caracas to Santo Domingo demanding accountability for the 'historic inequalities' the corruption had entrenched. Some politicians went to prison. Many didn't. The company restructured and renamed itself. Latin American infrastructure, meanwhile, continued to be built by the same interests that corrupted it.
DOSSIER2016
Odebrecht Bribed Half of Latin America and Called It Business Development
Sources: BBC NewsView source →
Filed to archive: 5 July 2026
Event year: 2016