When Brazilian President Dilma Rousseff traveled to Cuba in 2012 to announce the biggest foreign investment in the island since Fidel Castro’s 1959 revolution, a man in his mid-forties stood discreetly at her side. Marcelo Odebrecht, the head of Odebrecht—the biggest construction company in Latin America, which was founded by his grandfather—had scored an almost $1 billion contract financed by a Brazilian public bank to modernize the Port of Mariel. In explaining the initiative after flying from Havana to Haiti with Rousseff, where his firm was also expanding investments, he summarized: “We act in alignment with Brazilian foreign policy.”
Fast-forward to January 2016. Odebrecht has been behind bars since June, accused of paying fortunes in kickbacks to politicians in exchange for contracts with Brazil’s national oil company, Petrobras. A number of his competitors and associates were also arrested because of their connection to the scandal.
For her part, Rousseff is
Loading, please wait...