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Odebrecht seeks $1.3 billion damages from Colombia

Friday, August 3, 2018

Odebrecht is seeking to demand $1.3 billion from the Colombian government, the State Legal Defense Department said in Bogota.

The Brazilian construction company wants an international arbitration hearing on its complaint. It accused the Colombian state of "illegal seizures" of its interests in the country.

Odebrecht was the center of a major scandal throughout Latin America, involving the bribery of senior officials. The director of the Colombian agency described the Odebrecht claim as absurd.