Agreement between the State and Italian company is published

The agreement between the State and the company Finmeccanica was published yesterday in the Official Gazette, after lawyers Jose Raul Mulino requested a certified copy thereof, on Monday, for use in the defense of the former minister, who is serving preventive detention for this case .

The document is reflected that the contract with Selex, a subsidiary of Finmeccanica, is terminated by mutual consent and that Panama will return bonds prepayment and compliance that were issued at the time.

The agreement between the State and the company has 13 points.

In addition, the Government requested and will support the lifting of the suspension of contracts to the Third Chamber of the Supreme Court.

In the case against Selex and Finmeccanica will sustain the process termination request because of subtraction of matter or discontinuance of the action.

Another paragraph states that Panama agrees not to take any new action to further legal proceedings against the companies mentioned.

According to the lawyer Mulino, Ramses Barrera, this document is required to be presented as evidence at an upcoming hearing that hold the former minister for the case of radars.

He said that with the fact that the Government, through the ambassador Berguido, has signed the agreement, admits that the contract is legitimate.

According to Barrera, this contrasts with the investigation against Mulino, which keeps detained for four months.

He explained that the contract was the basis of criminal investigations against Mulino and former head of the Security Council Alexander Garuz.

In the absence of information, the defense of the former minister had to resort to a request for information, as required by Law 6 of January 22, 2002, which provides for transparency and access to information.

In his last letter, the former minister reiterated that if the contract was the basis for opening the proceedings against him should be acquitted.

The former official said there is a principle in law that says that the accessory runs the fate of the principal, figure that in his opinion, in the process followed against them, run with the same fate.

"It has just the case, the accessory (my case) follows the fortunes of the principal (the case to the Third Chamber based on misuse of power), and ceases to exist the contract and everything else," he added.

Numbers

In the fourth point of agreement plasma that the credit will be recognized to Panama by Selex is 29 million euros (31.4 million dollars).

However, saving $ 100 million announced by the president is difficult to quantify.

For Mulino there is no such savings, but an injury equity of at least 36.9 million euros (40 million dollars).

He explained that if the government returns 12 radars and avoid paying 38 million euros, the price of the seven radars would be at 7.4 million euros each and the 12 Remand would be 3.2 million per unit.

This means that the country would pay 18.9 million euros (20.5 million dollars) over the seven radars and 18 million euros will receive less for the 12 radars to return.