> Hong Kong firm did not uphold Panama Canal ports contract: Panama auditor / 39G84WE
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Hong Kong firm did not uphold Panama Canal ports contract: Panama auditor / 39G84WE
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The Hong Kong firm whose management of two ports at either end of the Panama Canal sparked US President Donald Trump's ire, flouted the conditions of its contract, an audit by Panama's authorities found.
The audit found "many breaches" of the concession awarded to a subsidiary of ports giant CK Hutchison to operate the two ports and said that Panama did not receive 1.2 billion dollars it was owed under the contract. SOUNDBITE