APM Terminals agrees to pay reparations for bribery offences in Guatemala

APM Terminals agrees to pay reparations for bribery offences in Guatemala

APM Terminals (APMT) has taken on a multimillion-dollar reparation payment related to corruption at a terminal in Guatemala, even though the offences occurred before APMT took over the company.

The scandal at Guatemalan firm Terminal de Contenedores Quetzal (TCQ) dates to 2012, and APMT only acquired TCQ in March this year as part of its takeover of Spain’s terminal operator Grup Maritim TCB.

APMT – part of Danish conglomerate Maersk – said it had a moral obligation to clear the decks and settle the reparations due from the case of an alleged $24.5m bribe paid by a TCQ executive to Guatemalan politicians including the country’s president and vice president.

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.

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