imprisoned head of brazils odebrecht resigns
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Imprisoned head of Brazil's Odebrecht resigns

Arab Today, arab today

Arab Today, arab today Imprisoned head of Brazil's Odebrecht resigns

Marcelo Odebrecht's resignation was announced in a company statement
Sao Paulo - AFP

The billionaire head of Brazilian construction giant Odebrecht, accused of corruption and money laundering linked to the Petrobras scandal, stepped down after nearly six months behind bars.

Marcelo Odebrecht's resignation was announced in a company statement, which also maintained his innocence.

"Odebrecht believes that Marcelo's unjust and unnecessary detention will be revoked and is confident that, at the end of the legal proceedings, his innocence will be formally recognized," the statement said.

Odebrecht has been held at a prison in Curitiba since June 19.

His appointed successor is Newton Souza, the company statement said.

Odebrecht is accused by prosecutors of racketeering, corruption and money laundering for his role in a vast fraud scandal that cost state oil giant Petrobras $2 billion.

Odebrecht is just one of a slew of businessmen and politicians -- including much of President Dilma Rousseff's inner circle -- implicated in the scheme.

Odebrecht, Latin America's largest construction company, has 181,000 employees in 21 countries.

It has been involved in construction projects linked to the Summer Olympics Brazil is hosting next year, as well as the revitalization of Rio de Janeiro's port area and the construction of a subway.  

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

imprisoned head of brazils odebrecht resigns imprisoned head of brazils odebrecht resigns

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

imprisoned head of brazils odebrecht resigns imprisoned head of brazils odebrecht resigns

 



GMT 08:40 2017 Sunday ,24 December

Hurting Madrid refuse to throw in the towel - Zidane

GMT 12:54 2016 Monday ,19 September

Munich's Oktoberfest opens amid tight security

GMT 10:06 2016 Friday ,19 August

Murray survives grueling day for top seeds

GMT 12:12 2017 Saturday ,05 August

Pakistani Premier meets British FM

GMT 20:00 2017 Thursday ,19 October

Egypt to tackle overpopulation

GMT 03:07 2018 Friday ,19 January

Amazonians want pope to come to their defense

GMT 09:13 2018 Tuesday ,16 January

Volkswagen reports record global car sales

GMT 13:50 2017 Saturday ,11 February

Tanzanian president appoints new anti-narcotics team
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday