Brazil Supreme Court overturns Odebrecht asset freeze

September 2, 2016 3:19 AM

26 0

SAO PAULO, Sept 1 A Brazilian Supreme Court judge on Thursday overturned an audit court ruling that had frozen the assets of industrial conglomerate Odebrecht due to alleged overcharging on a refinery built for state oil company Petroleo Brasileiro SA.

Last month, the TCU federal audit court froze 2.1 billion reais ($646 million) of assets pertaining to a consortium of Odebrecht SA and OAS SA, which rendered services for the Abreu e Lima refinery in northeast Brazil.

Also read: Egypt's top court orders temporary suspension of YouTube

Read more

To category page