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Brazil corruption probe to charge top construction CEOs

- Investigators have 'sufficient proof' to charge presidents of Brazil's two biggest construction giants

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Charges will be brought against the presidents of Brazil's two largest construction companies and 10 others detainedÌýin the latest phase of a major corruption probe, investigators confirmedÌýMonday.

All 12 suspects detained Friday in the fourteenth and latest round of arrests in Operation Lava Jato (Car Wash) will be charged in the coming days, Federal Police chiefÌýIgor Romário de Paula told GloboNews.

"Proceedings may extendÌýto next week, but charges will be brought against all of them," de PaulaÌýsaid, adding that investigatorsÌýhad "sufficient proof" to justify the preventive arrests.

Marcelo Odebrecht,ÌýCEO of Odebrecht SA --Latin America's top construction conglomerate -- andÌýOtávio Azevedo, head of Andrade Gutierrez SA --ÌýBrazil's second-largest construction and engineering company -- are among those now being held in Curitiba, in southern Brazil.

About 220 police in four statesÌýcarried out theÌýdetentions, which also included 38 search and seizure orders. Those detained are being investigated for a range of crimes including money laundering, corruption, price-fixing, procurement fraud, and embezzling public funds.

Lava Jato investigatorsÌýhaveÌýcentered their inquiries on corruption allegations at state-controlledÌýoilgiantÌýPetrobras. Business executives have made up the majority of those arrested so far in the wide-ranging investigation but prosecutors have since turned to political targets, arresting the former treasurer of the ruling Workers' Party.

Odebrecht is accused of leading a $2.1 billion kickback scheme at Petrobras. The construction giant, whose offices in São Paulo and Rio de Janeiro have been raided by police, said in a statement that the arrests were "unnecessary" as the company, which operates in 20 countries worldwide, was already helping authorities with their investigations.

Marcelo Odebrecht's arrest is seen as a major milestone for the investigation, as many believe he could name names to secure a plea bargain for a lesser sentence, if eventually convicted.

Investigators have accusedÌýa string of construction companies of being involved in the corruption scandal, in which inflated contractsÌýbetween theÌýoilÌýgiant and the companies were agreed, with executives,Ìýpoliticians and money changers all allegedlyÌýtaking a cut of theÌýdifference skimmed fromÌýthe contracts.

ByÌýBenjamin Tavener

Anadolu Agency

enerji@aa.com.tr

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