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New York Federal Court Lets Peru Subpoena U.S. Financial Records in Rutas de Lima Probe

The ruling targets 2013–2016 fund flows to inform Peru’s corruption probes linked to the concession.

Overview

  • The order permits formal demands for banking and clearing data from Brookfield Asset Management, Scotiabank, KPMG, the CHIPS network and the Federal Reserve Bank of New York.
  • Authorities plan to reconstruct transactions tied to the highway contract during 2013–2016, overlapping Odebrecht’s ‘Operaciones Estructuradas’ and Brookfield’s 2016 purchase of a majority stake.
  • The court noted urgency stemming from the trial of former Lima mayor Susana Villarán and acknowledged a substantial public interest in access to the records.
  • Rutas de Lima reports that toll suspensions and official measures have wiped out most income and warns it could stop operating within weeks.
  • Press-cited legal analysis says evidence obtained in the U.S. may be limited to specified criminal cases and may not be admissible in arbitrations, including Brookfield’s US$2.7 billion claim against the city.