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News Cemex Colombia accused of making donation to presidential campaign in return for favours

Cemex Colombia accused of making donation to presidential campaign in return for favours

Written by Global Cement staff
27 June 2019
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Colombia: Cemex Colombia has been accused by the news division of Caracol Televisión of allegedly making payments to the Juan Manuel Santos presidential campaign in 2014 in return for preferential treatment on construction contracts. Santos subsequently won the 2014 presidential election and served until 2018.

Sources, quoted by Noticias Caracol from a US police investigation into the company, say that it paid US$1m in cash and contributed cement to local candidates. They say that the local candidates then sold the donated cement at a discount for additional campaign funds. The Office of the Attorney General of Colombia is also investigating the matter. The report by Noticias Caracol follows an expose by Semana magazine.

Last modified on 03 July 2019
Published in Global Cement News
Tagged under
  • Colombia
  • Cemex Colombia
  • Corruption
  • Government
  • Legal
  • US
  • GCW412

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