Panama attorney general to seek Odebrecht's unpaid fines

Panama attorney general to seek Odebrecht's unpaid fines

The Panamanian attorney general's office will ask a judge to order Odebrecht to pay fines due in 2019 and 2020 after the corruption-ensnared Brazilian conglomerate failed to pay, prosecutor Anilu Batista said on Friday.

buFILE PHOTO: The corporate logo of the Odebrecht SA construction conglomerate is pictured at its h
FILE PHOTO: The corporate logo of the Odebrecht SA construction conglomerate is pictured at its headquarters in Sao Paulo, Brazil, July 29, 2019. REUTERS/Amanda Perobelli/File Photo

PANAMA CITY: The Panamanian attorney general's office will ask a judge to order Odebrecht to pay fines due in 2019 and 2020 after the corruption-ensnared Brazilian conglomerate failed to pay, prosecutor Anilu Batista said on Friday.

Panamanian authorities fined Odebrecht in 2017 for paying bribes in exchange for construction contracts in the Central American country.

The company owes more than US$35.5 million, a judicial source at the attorney general's office said. Odebrecht did not immediately respond to a request for comment.

Odebrecht had made the payments for 2017 and 2018 as well as an advance of US$1.1 million for 2019, the source said.

Panama's attorney general and the company, which has since filed for bankruptcy protection, negotiated in 2017 an agreement https://www.reuters.com/article/us-panama-odebrecht/odebrecht-agrees-to-pay-220-million-fine-aid-panama-probe-idUSKBN1AH57C that stipulates payments totalling US$220 million spread out over 12 years.

Batista said at a virtual news conference on Friday the office will request a hearing before a judge to establish that Odebrecht has not paid the fees established and a 5per cent delinquency charge.

Panama has investigated infrastructure projects carried out in the last three governments. Tania Sterling, the country's anti-corruption prosecutor, said the investigation has concluded with the indictment of 101 people.

(Reporting by Elida Moreno in Panama City; Writing by Stefanie Eschenbacher; Editing by Lincoln Feast.)

Source: Reuters

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