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DR government could claim US$459-US$918M from Odebrecht

Writing in Diario Libre on Friday, 13 January 2017, economist Pedro Silverio states that the Dominican government has not been firm enough in its demands that Odebrecht answer to the damage caused to national interests by the overcharges.*

He writes: “The fact that the bribes to Dominican government officials have already been confirmed is sufficient proof for the Dominican government to move on to demand economic reparation that could range from US$459 to US$918 million from Odebrecht, according to the criteria applied by the US Department of Justice. This would not need to be decided in court because Odebrecht has confessed its guilt. It could also mean a renegotiation of the Punta Catalina contract, in the style of Barrick Gold, which is aside from the extreme measure of rescinding the contract. We would be getting ahead of ourselves if we assumed that the arm for ‘structured’ operations did not reach the coal-fired plants. The issue here is that the Dominican government has been very timid in firmly requesting that Odebrecht respond to the damage caused to national interests.”

Source: DR1, DiarioLibre

Jan 14, 2017

Category: DR News |

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Last updated June 28, 2017 at 12:54 PM
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