A Panama court determined that the Brazilian construction company Odebrecht failed to comply in 2023 with the payment of US$ 19.24 million, corresponding to the fine of US$ 220 million that was imposed on it in the Central American country for the bribery case, the Public Ministry (MP, Prosecutor’s Office) reported this Wednesday.
The Compliance Judge, James Corroestablished that there was failure to pay the fine by the companies Norberto Odebrecht of Panama, SA and Norberto Odebrecht (current CNO) within the deadline of December 31, 2023, the Prosecutor’s Office said in a statement.
In total, the construction company did not pay on time the 2023 annual fee of $18,333,333.33 plus 5% for late payment, about $916,666.66, for a total of $19,249,999.99, the judicial source specified.
Odebrecht In 2017, he committed to the Panamanian justice system to pay a fine of US$220 million over a period of 12 years for the corruption cases he maintains in the country. Until March 2023, the company had paid about US$58.36 million, according to the information available.
The Brazilian construction company was involved in the largest corruption scandal in the history of Panama, with former presidents, former ministers and relatives of these involved. In total, 25 accused people will face a trial scheduled to begin next July.
Source: Gestion
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