Brazil’s Odebrecht Paid US$2.3MM in Bribes for Maracanã Renovation

Sworn testimony from several Odebrecht executives revealed the company paid US$2.3 million in bribes to win the US$228 million (eventually US$388 million) contract to renovate Maracanã.

By Nelson Belen, Contributing Reporter

RIO DE JANEIRO, BRAZIL - According to court documents just released to the public, executives of embattled Brazilian construction giant Odebrecht admitted to paying some US$2.3 million in bribes to win the contract to renovate Maracanã Stadium ahead of the 2014 World Cup.

The iconic Maracanã's renovation ahead of the 2014 World Cup began in September 2010 and it remained closed until mid-2013. The contract for the renovation was initially set at . . .

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