,
The allegations “are contrary to reality.” And the company said in a statement that the company has invested 1.695 billion Balbos, Panama Ports Company, Panama Ports Company. It crosses 50 million Balbos required under the original concession contract and 1 billion Balboos agreed under the appendix to operate Balboa and Christobal Port Terminals. The Comptroller General of Panama confirmed this after a complete audit process in 2020, the company said.
Panama Ports said in the statement, “We strongly believe that honor for legal certainty gives certainty to companies and investors that Panama is a safe country in which to invest.” “PPC continues to call for respectful coordination and consultation to protect Panama and the world’s benefits to protect the concession providing high quality services.”
The top auditor of Panama received a response from the port operator after the company was charged for wrongdoing, which included the reason of millions in failed to get the required approval for a contract expansion in 2021 and the reason for millions in the outstanding amount. The charge pressured Hong Kong billionaire Lee’s uncertain position between CK Hachisan and US-China Spat. While the firm is ready to make a cash income of $ 19 billion with its deal to sell its ports of its ports, the agreement has angered Beijing as US President Donald Trump postponed it as rebuilding the Panama Canal.
The canal, mainly used by the US and China, vowed to withdraw it by Trump, became a geopolitical electric rod. At a news conference on Tuesday, US Defense Secretary Pete Hegseth pointed to the ports run by CK Hachisan, which was in the form of potential threats for the US and Panamian interests at both ends of the trade route.
CK Hachison’s shares on Wednesday declined, erasing all its advances as the company agreed to sell its Panama Canal Port Assets last month to a Consortium led by Blackrock Ink.
-With help from Gilarmo Molro.
Such more stories are available Bloomberg.com
