Colombia regulator fines Odebrecht, consortium members $85 mn

Colombia’s commerce regulator has issued fines worth a total of 295.1 billion pesos ($84.5 million) against members of a consortium led by Brazilian construction firm Odebrecht for breaking competition rules. Odebrecht, Corficolombiana and Episol used an “anticompetitive system” to guarantee a contract was awarded to Concesionaria Ruta del Sol, the Superintendency of Industry and Commerce (SIC) said.

Source: Reuters