A group of businessmen responsible for the 1997 purchase of 36 Belarusian MiG-29 and Sukhoi-25 warplanes, for $402 million USD, one of the most iconic acts of corruption in ex-president Alberto Fujimori’s regime, will finally be called before the courts to answer for their crime.
Fujimori, along with lead advisor Vladimiro Montesinos and the military high command were responsible for setting up a false contest in order to grant the contract for the purchase of the warplanes directly to a particular group of businessmen, well known for dishing out generous bribes in exchange for various arms contracts. Among the businessmen involved are Julio Valencia Rosas, Enrique Benavides Morales, Moshe Rothschild Chassin, Fernando Medina Luna and Gerald Krueguer.
The case against these powerful businessmen has been successfully paralyzed by their actions through numerous appeals and legal actions, as well as several instances of gross mishandling of the case by the authorities, which helped to delay the case. In 2007 the case reached the Oral stages at the Anti-corruption Penal Court, with proceedings lasting nearly 6 years. In 2013, the accused successfully motioned to have charges changed to ‘simple collusion’, leading to this week’s renewal.
Full Content: La República
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Federal Competition Office to Scrutinize High Electricity Prices in Germany
Jan 2, 2025 by
CPI
Mexican Lawmakers Advance Controversial Plan to Dissolve Independent Oversight Bodies
Jan 2, 2025 by
CPI
Motorola Accuses UK of Antitrust Breach Over Terminated Emergency Services Contract
Jan 2, 2025 by
CPI
Amazon Must Face Antitrust Case Over Alleged Monopoly Practices
Jan 2, 2025 by
CPI
US Appeals Court Blocks FCC’s Move to Reinstate Net Neutrality Rules
Jan 2, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – CRESSE Insights
Dec 19, 2024 by
CPI
Effective Interoperability in Mobile Ecosystems: EU Competition Law Versus Regulation
Dec 19, 2024 by
Giuseppe Colangelo
The Use of Empirical Evidence in Antitrust: Trends, Challenges, and a Path Forward
Dec 19, 2024 by
Eliana Garces
Some Empirical Evidence on the Role of Presumptions and Evidentiary Standards on Antitrust (Under)Enforcement: Is the EC’s New Communication on Art.102 in the Right Direction?
Dec 19, 2024 by
Yannis Katsoulacos
The EC’s Draft Guidelines on the Application of Article 102 TFEU: An Economic Perspective
Dec 19, 2024 by
Benoit Durand