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Corpoguajira decreed seizure and seizure of ACUAVALLE accounts

The measure was taken in order to safeguard the interests of Corpoguajira, The banking entities were notified in order to make it effective and it was limited in the sum of $4.500 million for the pecuniary criminal penalty derived from the agreement 008 of 2008.

“Despite wanting to conclude this topic, Acuavalle has shown total disinterest in this process. At the initiative of Corpoguajira and in compliance with the principle of transparency, For more than two years we have been urging the control organizations, to count on your support in this case. This is how the Attorney General's Office and the Comptroller General's Office of the Republic have provided the necessary support and are carrying out the pertinent investigations.", Romero Perez explains Arcesio, General Manager Corpoguajira.

Three months ago Corpoguajira, recognized the ipso jure termination of the Agreement signed with Acuavalle, Additionally, he ordered its liquidation and declared its non-compliance by the Valle del Cauca Aqueduct and Sewage company.. For the purposes of complying with the clause 12 of the agreement, This Corporation applied the pecuniary criminal sanction, appraised at twenty percent of its total value, i.e., $3.000 millones, that must be paid to the entity, To this sum must be added the legal interest accrued from the date of enforcement in the resolution imposing the fine., until full payment is verified.

The Corporation's decision was made official through the Order 036 of 2011 the 29 September 2011, document that establishes that the payment of the fine filed by the environmental authority, due to non-compliance in the works to increase the coverage of aqueduct and sewage services to reduce the morbidity and mortality rates associated with the environmental problems of 20.231 habitantes – non-dispersed rural population of the Department of La Guajira; must be carried out within a period of 15 business days, counted from the date of notification of the administrative act.

In addition, Corpoguajira is advancing legal actions, to recover the sums not invested by Acuavalle, product of the delivery of the advance made, including its financial returns, to be able to reimburse them to the Government of La Guajira, entity that is committed to the completion of these important works for the department.


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