Private-run Peruvian Chamber of Construction (Capeco) on Monday expelled Graña y Montero construction corporation from the guild.
In a brief statement, Capeco informed that Graña y Montero "has been permanently removed from the association" after the resolution of the Ethics Committee on the matter was approved.
Likewise, it pointed out the decision was made in accordance with what is established in the Article 36 of Capeco's Code and Rules of Ethics Manual.
However, the prosecutor dropped the petition after both people signed an effective collaboration agreement and gave up the protection of their identities.
Odebrecht
As is known, the Brazilian construction giant admitted to having paid millions in bribes to government officials in Peru, in order to secure public-works contracts.
As a result,
Odebrecht benefited from over US$143 million between 2005 and 2014 in Peru, according to the U.S. Justice Department.
(END) VVS/CVC/DTK/MVB