Peru’s economy is at great risk because of a systemic event in the construction sector, which has been under scrutiny for investigations to companies related to million-dollar-projects to be executed, said the Minister of Economy and Finances, Claudia Cooper, according to El Cronista.
Cooper spoke to the Congress to support a bill that seeks to hold back income and the selling of assets of companies involved in corruption cases to guarantee the payment of a civil compensation. It also seeks to replace an existing decree that expires today and that has stopped, to this day, the continuity of construction projects in the past.
The Minister also added that if all of the construction projects linked to companies that have been related to corruption cases were stopped, the impact in the financial system would be of $3,375 million dollars in debt.
Among some of the firms under investigation for corruption is the largest one operating in Peru: Graña y Montero.
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