A PYMNTS Company

Peru: Odebrecht, other Brazilian companies’ assets seized

By  |  February 28, 2017

Peru’s Superintendence for Customs and Tax Administration (SUNAT) has ordered over $80 million USD in property be seized from eight Brazilian companies that have been linked to cases of corruption and related to the infamous ‘Car Wash’ scandal, which has rocked Brazilian politics and is now being felt across its South American neighbors. The highest amount seized belongs to Brazilian construction giant Odebrecht.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    After the first accusations against the company came in on December 2016, SUNAT began tracking suspicious movements taking place in these companies’ headquarters. The agency has now chosen to freeze bank accounts and seize property, vehicles and other fiscal accounts.

    None of the companies has so far been indicted by Peru’s justice system. SUNAT instead resorted to stop-gap measures. “Exceptional measures for an exceptional case” said attorney Renato Asensios.

    Full Content:MercoPress

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.