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Shadow Accounting

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Shadow Accounting

InstitutionClaim Cited

Odebrecht's bribery organization

Odebrecht admitted that it made transnational bribery repeatable through a dedicated division, shadow budgets, coded communications, offshore entities, internal accounting, and delegated approval; later case reversals require separating that corporate admission from every allegation against an individual recipient.

How did a construction conglomerate make transnational bribery repeatable, internally accountable, and externally deniable across projects and governments?