Findeter terminates $18 billion contract due to alleged false documentation scandal
The Financiera de Desarrollo Territorial (Findeter) announced the termination of an $18 billion contract awarded to the MAQ 2026 consortium for the acquisition of yellow machinery, after detecting alleged irregularities in the documentation submitted during the contracting process.
TL;DR
- Findeter terminated a $18 billion contract with consortium MAQ 2026 for yellow machinery.
- The termination followed the detection of alleged irregularities in submitted documentation.
- A document provided by the consortium was found not to be a valid certification by Dinissan.
- The Association of Machinery Manufacturers (AFM) initially raised concerns about irregularities.
- Findeter has filed a formal complaint with the Prosecutor's Office.
- No public funds were disbursed to the contractor before the irregularities were identified.
- The contract was for yellow machinery and dump trucks for road maintenance in Norte de Santander, Nariño, and Putumayo.
- Findeter will initiate a new contracting process for the machinery.