Scandal-ridden Brazil giant Odebrecht seeks bankruptcy protection
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SAO PAULO] Scandal-ridden Brazil construction giant Odebrecht, which has admitted to spending nearly US$800 million to bribe officials across Latin America to win contracts, filed for bankruptcy protection on Monday, judicial sources said.
Company lawyers filed a request with the bankruptcy court in Sao Paulo to negotiate debts of more than US$20 billion, officials quoted by Brazilian media said.
AFP
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
