Panama’s comptroller authority said Monday an audit found irregularities in the renewal of a 25-year port concession in the interoceanic canal and it would request an investigation into the authorization of the contract to a Hong Kong company.
Comptroller-General Anel Flores said the audit found some payment defaults, accounting miscalculations and some “shadow” operation of companies that the Hong Kong company originally denied, causing Panama around $300 million in lost revenue.
