Heads of Brazilian construction giants arrested in Petrobras scandal: Reuters
Santo Domingo.- News agency Reuters on Friday reports that Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America’s largest engineering and construction company Odebrecht SA, “ensnaring the most high-profile executive to date in the corruption investigation at state-run oil firm Petrobras.“
It said morning raids netted 12 arrests in four states. “Police also apprehended Otavio Marques Azevedo, head of Andrade Gutierrez, the second-largest Brazilian construction firm Andrade Gutierrez.”
Quoting lead prosecutor Carlos Fernando dos Santos Limas, Reuters reports that he had "no doubt" Odebrecht and Andrade Gutierrez led what he called a ‘cartel’ that overcharged Petrobras for work and passed on the excess funds to executives and politicians.”
“While the arrests were somewhat expected, they nevertheless raised hopes among Brazilians that the investigation would not spare some of the most powerful people in a country where the wealthy have enjoyed relative impunity,” Reuters said.
"The objective of the operation is to bring a clear message that the law applies to everyone, no matter the size of the company, its place in society or its economic power," federal police agent Igor Romario de Paula said at a news conference alongside prosecutors in Curitiba, where the investigation is based.
In Dominican Republic, the two Brazilian companies have obtained construction contracts worth billions of dollars for infrastructure ranging from cross-mountain highways to major bridges and tunnels.