Financial Times FT.com

Ecuador to seize Brazil’s Odebrecht

By John Rumsey in Sao Paulo

Published: September 24 2008 23:35 | Last updated: September 24 2008 23:35

The Ecuadorean government has sent in troops to take over the assets of Brazil’s giant construction firm Odebrecht and prevented senior executives from leaving the country.

The government accused the firm of poor construction in the giant San Francisco hydro-electric dam project, which showed cracks and had to be shut down soon after its recent completion.

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