Brazil’s Odebrecht files for bankruptcy protection after graft probes
The scandal over bribes for public works contracts spread to other countries where Odebrecht did business, including Peru, Mexico, Argentina and Colombia
18 June 2019 - 18:49
Sao Paulo — Brazilian conglomerate Odebrecht SA has filed for bankruptcy protection, aiming to restructure 51-billion reais ($13bn) of debt in what would be one of Latin America's largest-ever in-court debt restructurings.
The bankruptcy filing comes after years of struggles for Odebrecht, the biggest of the Brazilian engineering groups caught in a sweeping political corruption investigation that has rippled across Latin America...
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