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IMPSA Allegedly Paid Bribes to Win Hydroelectric Contract in the Philippines (2001)


In the Philippines the Argentinian company Industrias Metallurgicas Pescarmona Sociedad Anonima (IMPSA) is alleged to have made pay-offs totalling USD14million to secure the USD470 million build-rehabilitate-operate-transfer contract for the Caliraya-Botocan-Kalayaan hydroelectric power plant, which was awarded in 2001.

IMPSA is a member of the World Economic Forum's Partnering against Corruption Initiative (PACI) and Argentina is a signatory to the OECD Anti-bribery Convention.


References
Matangi  [Publication date: 25/6/2008] 'Foreign bribery remains a problem with OECD countries'
   http://www.matangitonga.to/article/ti_250608_1146_pf.shtml
[ Date URL accessed: 26/6/2008 ]

Diario Uno  [Publication date: 24/6/2008] 'Publicaron un crítico informe de Transparencia Internacional sobre los sobornos en Argentina'
   http://www.diariouno.com.ar/contenidos/2008/06/24/noticia_0065.html
[ Date URL accessed: 27/6/2008 ]

Transparency International  [Publication date: 24/6/2008] 'Progress Report 2008 Enforcement of the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions OECD Anti-Bribery Convention' by Frtiz Heimann, Gillian Dell
   http://www.transparency.org/content/download/33627/516718
[ Date URL accessed: 24/6/2008 ]

Transparency International  [Publication date: 24/6/2008] 'Mixed messages on fighting foreign bribery, says TI report Less than half of OECD governments enforce foreign bribery prohibition' by Fritz Heimann, Gillian Dell
   http://www.transparency.org/news_room/latest_news/press_releases/2008/2008_06_2
   4_oecd_progress

[ Date URL accessed: 24/6/2008 ]

Arab News  [Publication date: 12/1/2007] 'Arroyo Can’t Get Rid of the Stench of Corruption' by Rasheed Abou-Alsamh
   http://opinion.inquirer.net/viewpoints/columns/view_article.php?article_id=4340
   9

[ Date URL accessed: 15/1/2007 ]

BBC News  [Publication date: 14/2/2003] 'Estrada testifies over 'bribe attempt''
   http://news.bbc.co.uk/1/low/world/asia-pacific/2656031.stm
[ Date URL accessed: 7/2/2007 ]

lanacion.com  [Publication date: 15/1/2003] 'Involucran a Impsa en un caso de corrupción'
   http://www.lanacion.com.ar/466334
[ Date URL accessed: 30/11/2007 ]

Philippine Daily Inquirer  [Publication date: 13/12/2002] 'Erap raring to testify at Senate bribery probe' by Rocky Nazareno
   http://www.odiousdebts.org/odiousdebts/index.cfm?DSP=content&ContentID=6170
[ Date URL accessed: 7/2/2007 ]

lanacion.com  [Publication date: 25/7/2002] 'Filipinas destrabó un contrato vital para Impsa' by Hugo Alconada Mon
   http://www.lanacion.com.ar/archivo/Nota.asp?nota_id=416489
[ Date URL accessed: 30/11/2007 ]


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UNICORN works with trade unions around the world to combat bribery and corruption