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News

Navy claims payments were ‘commission’ not bribe

by Kirsten Begg April 6, 2010
1.6K

ferrostaal building german bribery

Colombian Navy Commander Guillermo Barrera on Monday denied corruption allegations, claiming that a payment Colombian officials received from a German firm was a “commission” not a bribe.

According to Barrera, the commission payment was specified in the contract signed with German firm Fassmer. Barrera said the contract included an anti-corruption clause, which stipulated that Fassmer would pay a commission of 3% of the value of the contract to middle-man Ferrostaal.

Barrera said that this commission would be paid to the representative in Colombia of the business who secured the contract. The amount, close to €855,000, was clearly set out in the contract and was not a bribe, Barrera said.

The Colombian Defense Ministry was implicated in an investigation into German engineering group Ferrostaal, which is accused of brokering a deal in 2006 to pay $1 million to the country’s officials to secure the sale of a coast guard vessel worth $38 million.

Ferrostaal is currently under investigation for allegedly organizing bribes on behalf of other firms for a fee, reports German publication Der Spiegel.

With an annual turnover of $2.2 billion, Ferrostaal has customers in over 60 countries

bribeColombian Navycommissiondefense ministryGuillermo Barrera

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Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
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