December 3, 2018 |
Justice ministry orders Odebrecht to deposit $319m in a trust managed by Banco de la Nación
A group led by China Three Gorges is close to wrapping up the acquisition of the Chaglla hydroelectric power plant in Peru, the justice ministry said in a statement.
After deducting $752m in debts and taxes, the sale price comes to $638m. Odebrecht has to deposit half that amount, or $319m, in a trust managed by the state-owned Banco de la Nación, the ministry said.
Odebrecht has admitted to paying $30m in bribes in Peru, but it is close to reaching a plea bargain with prosecutors, according to press reports.