A court in Panama approved on Tuesday to apply a delinquency rate of 5%, equivalent to more than $916,000, to the Brazilian company Odebrecht, for not paying the annual fee of the $220 million fine imposed on it in 2017 after the bribery scandal in that country.

The court made the decision at a hearing in which it declared that the companies Constructora Norberto Odebrecht de Panamá (CNO S.A.), they did not comply with the payment of the annual fine of 18,333,333 dollars of 2022, reported the Public Ministry (MP, Prosecutor’s Office).

With the default rate of 5%, the company will now have to pay about 19.25 million dollars, a sum that will have to be consigned to the National Treasury.

Odebrecht committed in 2017 with the Panamanian justice to pay a fine of 220 million dollars within 12 years for the corruption cases it maintains in the country. So far, the company has paid about 58.36 million dollars.

The judge scheduled another hearing for July 10 for companies to provide financial information and propose payment options for the next installments.”

It was established by the compliance court to accede to the request made by the MP regarding the new withholding orders for the year 2022 with the credits that these companies maintain in favor for the projects it has carried out to the State,” said the senior anti-corruption prosecutor, Anilú Batista.

The Prosecutor’s Office reported in a statement that it also requested to order the withholding of credits

Those projects would be with the Ministry of Housing and Territorial Reorganization (MIVIOT) for more than 16 million dollars and the Panama Metro, for 2 million dollars.

Odrebecht starred in the largest corruption scandal in the history of Panama, with former presidents, former ministers and relatives of those involved. In total, 36 accused people will face a trial scheduled to begin next August.