Puerto Quetzal Taken Over

The Public Prosecutor in Guatemala has taken control of Terminal de Contenedores Quetzal, in order to audit the company and decide on the future of the concession.

Friday, June 3, 2016

The decision to intervene came after the public prosecutor revealed the existence of indications that the terminal was operating an illegal network to launder money and other assets.

From a statement issued by the Public Ministry of Guatemala:

The Public Prosecutor and the Head of the Public Ministry, Thelma Aldana, revealed at a press conference, that the Court of Forfeiture had been asked to take control of Terminal de Contenedores Quetzal –TCQ-, a request which was ruled on favorably.

"We have requested the takeover from the Judge for Forfeiture and appointed an auditor, and the judicial petition was ruled on favourably. The intervention will be headed by lawyer Alexander Aizenstatd, who now has possession in order to start his duties," the Attorney General said.
He also explained that on July 11, 2012 the contract between Terminal de Puerto Quetzal and TCQ was finalised, the latter is a corporation, which was incorporated emergently in order to simulate a usufruct contract.

More on this topic

Puerto Quetzal Intervention Suspended

June 2017

One year after taking control of the Quetzal Container Terminal, the Guatemalan Public Ministry has ordered the end of the intervention process into the company.

Elperiodico.com.gt reports that "...The courts´s ruling was issued on Thursday, April 15 after a year and a few days of validity of the measure for the TCQ, a company which in the opinion of the prosecutors office was constituted in 2012 as an emerging corporation "to simulate a contract of usufruct" with the state-owned Empresa Portuaria Quetzal (EPQ)."

Quetzal Container Terminal to Start Operations Soon

August 2016

Following the authorization granted to TCQ by the Superintendency of Tax Administration to function as a temporary customs warehouse, its entry into operations for October has been announced.

An article in Prensalibre.com reports that   "...The auditor of the TCQ, Alexander Aizenstatd said that with the authorization published in Diario de Centro América on Friday, an intermediate stage has started where there a link is formed with the authorities of the SAT, in order to subsequently ask for the entry into operation. 'Closer ties have now been made with the National Port Commission for certification and following this a certification will be requested for the Marina. The plan is for the TCQ to be operational at the end of September, or beginning of October. ' "

Maersk Could Pay $43 million for Puerto Quetzal

July 2016

Maersk Group subsidiary have agreed to indemnify the state $43 million and sign a new concession contract in order to operate the Quetzal Container Terminal.

The agreement suggested by the auditor of the Quetzal Container Terminal (TCQ by its initials in Spanish), Alexander Aizenstatd, must be approved by the Guatemalan Congress.

Corruption in Puerto Quetzal Concession Denounced

April 2016

The Public Ministry of Guatemala has announced that its investigations have shown that a network of illicit laundering of money and other assets operated in the port terminal.

Consideration is being given to canceling the contract with the concessionaire Container Terminal Spanish Quetzal after the denouncement that it paid bribes to Perez Molina for the award of the terminal.

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