Odebrecht S.A.

Odebrecht Organization

Type	Privately held company
Industry	Conglomerate
Founded	1944
Founders	Norberto Odebrecht
Headquarters	Salvador, Brazil Sao Paulo, Brazil
Key people	Luciano Guidolin, (CEO)
Products	Construction, engineering, aerospace, environmental engineering, petrochemicals, chemicals, utilities, ethanol, real estate, infrastructure, defense, transportation, and others
Revenue	US$31.0 billion (2014)
Net income	US$207.6 million (2013)
Number of employees	181,000
Subsidiaries	Construtora Norberto Odebrecht Odebrecht Oil and Gas Foz do Brasil Odebrecht Realizações Imobiliárias Odebrecht Infraestrutura Odebrecht Agroindustrial, Braskem, Odebrecht Administradora E Corretora De Seguros Odeprev Odebrecht Previdência Odebrecht Foundation, Mectron Odebrecht Energia
Website	www.odebrecht.com.br

Odebrecht Organization (Brazilian Portuguese: [odɛˈbɾɛ(t͡)ʃ]) is a Brazilian conglomerate consisting of diversified businesses in the fields of engineering, construction, chemicals and petrochemicals. The company was founded in 1944 in Salvador da Bahia by Norberto Odebrecht, and is now present in South America, Central America, North America, the Caribbean, Africa, Europe and the Middle East. Its leading company is Norberto Odebrecht Construtora ().

Odebrecht S.A. is a holding company for Construtora Norberto Odebrecht S.A., the biggest engineering and contracting company in Latin America, and Braskem S.A., the largest petrochemicals producer in Latin America and one of Brazil's five largest private-sector manufacturing companies. Odebrecht controls Braskem, the fifth largest petrochemical company in the world, with exports to 60 countries in all continents of the world. By revenue, Braskem is the fourth largest petrochemical company in the Americas and the seventeenth in the world.

On 19 June 2015, Brazilian authorities arrested the former CEO, Marcelo Odebrecht, in connection with their ongoing probe into bribes paid by the Brazilian oil giant, Petrobras. On 7 March 2016 he was sentenced to 19 years and 4 months jail, for paying over US$30 million in bribes to executives of Petrobras, in exchange for contracts and influence.

The Treasurer of the Brazilian Workers' Party, João Vaccari Neto, was arrested in 2015 for allegedly receiving "irregular donations," and José Dirceu, former chief of staff for President Luiz Inácio Lula da Silva, was arrested for orchestrating a large part of the scandal, also in 2015.

Speaker of the Chamber of Deputies (lower house of the Congress of Brazil) Eduardo Cunha (PMDB-RJ), was investigated for allegedly receiving more than USD$40 million in kickbacks and bribes.Former Minister of Mines and Energy Edison Lobão (PMDB) was investigated for receiving more than USD$50 million in bribes from Petrobras and arrested 19 October 2016 and held in custody due to what the justice department of Paraná state called "a concrete possibility of flight given his access to hidden resources abroad, as well as double nationality."