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By late summer 2015, the men running bribery at the Brazilian construction giant Odebrecht SA were plotting another operation—not to rig a contract, which was their bread and butter, or to meddle in the politics of a sovereign nation, as they’d done on many occasions, but this time to save themselves.
Hilberto Silva, Fernando Migliaccio, and Luiz Eduardo Soares were career Odebrecht men. In the past decade or so, their group, the Structured Operations Division, had helped the company secure contracts to build dams, power plants, airports, and refineries across Latin America. They did it by creating fake engineering, construction, and consulting companies that used secret bank accounts to pay fake invoices submitted by fake customers. At the end of the chain, always, were the people in a position to say yes to another Odebrecht bid.