Posted On 25 Jul 2017
To cover up the origin of the bribes, Odebrecht used three to four levels of washing. In Ecuador, the Brazilian construction company used its local suppliers and ‘offshore’ companies established in tax havens to hide the payments and avoid the identification of the final beneficiary.
Once the managers approved the bribe, the money went from the bribery department (Sector of Structured Operations) to the accounts of companies in Switzerland, Andorra or Austria. This was the first step of bleaching.
The payment was transferred to other firms created in Panama or Antigua, which were managed by ‘doleiros’ (currency traffickers) and financial operators.
In this second laundering level, the accounts were controlled by Olivio Rodrigues and Fernando Miglaccio, executive in charge of 15 ‘offshores’ in the first level and who was arrested in Switzerland. Rodrigo Tacla Durán, an Ecuadorian informer, also managed another 12 ‘offshores’ for the laundering.
At the third level, if the bribes were paid to Brazilian officials, the money was sent to the accounts of the ‘doleiros, ‘ and if they were from another country, the money was transferred to companies established by bribed officials or intermediaries. This complex system of illegal payments is detailed in the 205-page report by the Federal Public Ministry of Brazil. (I)