Andina

Peru: Odebrecht to pay civil reparations over 15-year period

17:19 | Lima, Dec. 11.

Construction giant Odebrecht will pay S/610 million (around US$182 million) in civil reparations to the Peruvian State over a period of 15 years in accordance with the collaboration agreement to be signed by the Inca country’s authorities and the company.

Lava Jato Case's Ad Hoc Attorney Jorge Ramirez explained the aforementioned accord includes a guaranty trust, adding this measure has not been implemented by any other nation so far. 

The official affirmed he respects the statements made by the people criticizing the agreement. 

However, he underlined the civil reparation amount is reasonable. 

The Ad Hoc Attorney went on to add this sum might increase if they find evidence proving the Brazilian company had paid bribes to other projects. 

This amount was set taking into account four works: Cusco's Evitamiento Road, Costa Verde–Callao stretch concession, Lima Metro Line 1, as well as South Interoceanic Highway Project, stretches 2 and 3. 

The bribes paid for these four projects amount to around US$32 million. 

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. 

In addition, four ex-Presidents have been linked to the Brazilian company such as: Alejandro Toledo (2001-2006), Alan Garcia (2006-2011), Ollanta Humala (2011-2016), and Pedro Pablo Kuczynski (2016-2018). 

Former presidential candidate Keiko Fujimori —currently under preventive detention— also allegedly received money from Odebrecht for her 2011 campaign.

(END) CCR/DTK/RMB

Published: 12/11/2018
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