Peru president targeted in Odebrecht bribery probe

Image
AFP Lima
Last Updated : Mar 07 2017 | 3:48 AM IST
Peruvian prosecutors have ordered investigations into President Pedro Pablo Kuczynski's possible links to an international corruption scandal involving construction firm Odebrecht.
State corruption attorney Katherine Ampuero yesterday said she had ordered a "preliminary investigation over alleged suspect operations" involving payments by Odebrecht to Latin America Enterprise, a company linked to the president.
She also said the authority had ordered similar investigations into former president Alan Garcia, suspected of accepting a bribe for awarding Odebrecht a contract to build an underground train line.
Kuczynski has previously denied taking bribes from Odebrecht. Garcia also denied yesterday's allegations in a Twitter message.
Two other ex-presidents are already subject to investigations for allegedly taking bribes: Alejandro Toledo and Kuczynski's immediate predecessor, Ollanta Humala.
Odebrecht is implicated in corruption probes in several Latin American countries, most notably its home market Brazil.
In Peru, it has admitted paying USD 29 million in bribes to secure public contracts.
Kuczynski in January ordered Odebrecht to pull out of Peru and stripped it of a USD 7 billion gas pipeline contract.
His government has warned the scandal will trim Peru's economic growth this year since it will cause delays in big development projects.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 07 2017 | 3:48 AM IST

Next Story