Posts:

Attorney General opens bribery investigation of Chinese construction company projects

Oct 10, 2017 | 0 comments

Ecuador Attorney General Carlos Baca said Monday that a Chinese construction firm may have paid bribes to Ecuadorian government officials. The investigation of China International Water and Electric (CWE) stems from testimony in the Odebrecht bribery case, he said.

The Toachi-Pilatón hydroelectric dam.

CWE was the primary contractor for the Toachi-Pilatón hydroelectric plant in Santo Domingo Province, a flood control project in Guayas Province, and for housing units at Yachay University in Imbabura Province. According to Baca, prosecutors are reviewing the contracts of those projects.

Suspicions about potential CWE bribes were raised when Odebrecht director José Conceição Santos testified in August that Vice President Jorge Glas demanded a personal payment of one percent of the value of all contracts that he was responsible for. Subsequently, the testimony of other Odebrecht officials repeated Santos’ claim.

“We are actively pursuing this and other information in our effort to uncover corruption wherever it might have occurred,” Baca said.

The exac tvalue of CWE contracts under review is not known, although a prosecutor said that it is over one billion dollars. From 2012 until 2016, the company reported income of $921 million in Ecuador.

CuencaHighLife

Hogar Esperanza News

Google ad

Real Estate & Rentals  See more
Community Posts  See more

Google ad

Malacatos property

Amazon property

Fabianos Pizzeria News

Fund Grace News

The Cuenca Dispatch

Week of April 05

Legal storm builds over Ecuador’s moved-up local elections.

Read more

Ecuador issues nationwide mpox alert after first Clade Ib case.

Read more

Big power users switch to self-generation as Ecuador protects household electricity supply.

Read more