PANAMA CITY Dec 27 Panama said on Tuesday it
will cancel a contract given to Brazil's Odebrecht and will not
allow the company to participate in public bids, shortly after
Odebrecht admitted to bribing officials in Panama and other
countries to obtain government contracts.
Odebrecht doled out more than $59 million in
bribes to officials and intermediaries in Panama between about
2010 and 2014, according to a plea agreement last week in a
United States court.
The government of Panama said in a statement that after
reviewing the revelations of the case, it has decided to cancel
a $1 billion contract given to Odebrecht in 2014 for a
hydroelectric project in the Bocas del Toro province.
It will also make Odebrecht withdraw from the bid process to
design and build a fourth bridge on the Panama Canal and the
Linea 3 metro line, and it will ban Odebrecht from winning
future projects until it cooperates with local authorities.
A spokeswoman for Odebrecht in Panama did not have an
(Reporting by Elida Moreno; Writing by Joanna Zuckerman
Bernstein; Editing by Richard Pullin)