Another year to probe FCC money laundering allegations

1,510Views 0Comments Posted 11/12/2019

The investigation of alleged money laundering embezzlement and corruption, through the  payment of bribes by the Spanish company Fomento de Construcciones y Contratas (FCC ) has been declared complex by the 11th Criminal Court and will continue for another 12 months

The decision was adopted by the substitute judge Minerva Aminta Flores, on December 6, in response to a request by prosecutor Ruth Morcillo.

The work on Via Brazil was awarded in the government of Ricardo Martinelli (2009-2014) for $174.5 million, but it ended up costing $ 216.2 million.

The lawyer Mauricio Cort, a Martinelli frontman at the time is detained preventively.

The National Court of Spain, which is carrying out an investigation against FCC also for money laundering, has indicated Cort as a frontman who managed accounts and corporations for the payment of premiums in infrastructure works.