Head of Odebrecht legal department leaves post
Maurício Ferro, head of Odebrecht's legal department, left his post at the Brazilian construction conglomerate after he became a defendant in a corruption case.
Ferro is accused of having participated in a process that resulted in the publication of a provisional measure by the government in 2009 in exchange for a 50mn-real (US$12.8mn) donation to the then ruling Workers' Party, according to Folha de S. Paulo newspaper.
Ferro is brother-in-law of Marcelo Odebrecht (pictured), the group's former president, who is serving house arrest for various wrongdoings. After his arrest, Odebrecht cut ties with his father, Emílio Odebrecht, and other confidants, including Ferro.
Marcelo Odebrecht alleged that certain actors within the conglomerate had knowledge of illegal activities but refused to collaborate with the investigation without facing any consequences.
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News in: Water & Waste (Brazil)
Odor of uncertainty rises over Brazil's largest water concession
The concession-holder's complaints over low sewerage coverage levels may lead to adjustments in the contract.
Águas do Sertão raises over US$200mn from bonds for water projects
The proceeds will go to investments in the company's concession in Alagoas state.
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Other projects in: Water & Waste (Brazil)
Get critical information about thousands of Water & Waste projects in Latin America: what stages they're in, capex, related companies, contacts and more.
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The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
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The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
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