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Latinnews Daily - 05 February 2018

In brief: Uruguay

Uruguay: A Uruguayan judge has admitted a formal request calling for the government led by President Tabaré Vázquez to be investigated for alleged irregularities in the investment agreement signed with Finnish firm, UPM, for the building of a new pulp mill in the South American country. The US$4bn investment agreement signed by the Vázquez government and UPM in November 2017 has been billed as the largest ever foreign investment project in Uruguay’s history. But the closed-door negotiation process between the government and UPM has been questioned by some who argue that in order to secure the deal the Vázquez administration offered too many concessions. Judge Beatriz Larrieu has now admitted a formal complaint presented by a local lawyer, Gustavo Salle, who argues that the resulting deal is “abusive” and not in Uruguay’s national interest. Judge Larrieu has appointed local prosecutor Luis Pacheco to investigate Salle’s allegations. 

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