Brazil Prosecutors File Corruption Charges against Odebrecht

Posted by Joseph R. Fonseca July 25, 2015

Brazilian prosecutors presented formal charges against Marcelo Odebrecht, head of Latin America's largest engineering firm Odebrecht SA , and Otavio Marques Azevedo, CEO of Andrade Gutierrez , and 20 others on Friday.

The executives were charged with corruption, money laundering and criminal conspiracy for their alleged role in a corruption scheme at state-run oil firm Petrobras.

(Reporting by Sergio Spagnuolo; Writing by Caroline Stauffer; Editing by Chizu Nomiyama)