Trinidad wins $100 million verdict in key corruption lawsuit

KIFI

Published March 30, 2023 7:51 AM

By GISELA SALOMON and DÁNICA COTO
Associated Press

MIAMI (AP) — The government of Trinidad and Tobago has won a multimillion-dollar verdict in a sprawling corruption lawsuit that began nearly 20 years ago and involves former high-ranking officials. A jury in Miami awarded the government more than $100 million in compensatory damages in a verdict late Wednesday. The civil case began in 2004 when the Trinidadian government sued a former finance minister, various businessmen and several companies in countries including Florida, Panama and Portugal. The lawsuit alleged the defendants participated in a scheme that began in 1996 to illegally obtain contracts at hyper-inflated prices via bribes, bid rigging and money laundering linked to the expansion of an airport in Trinidad.

Article Topic Follows: AP National

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.