13.09.2014 - 03:12 [ Worldbulletin ]

Peru‘s ‘Coca-Cola’ law reignites debate on lobby influence

Several thousand protestors marched Tuesday in Lima to oppose the Ministry of Economy and Finance plans to downgrade debts owed to the capital’s park authority, threatening park closures, local media reported.
The proposals replicate a plea by Coca-Cola bottler, Lindley Corp., earlier this year to slash the payment of an industrial lot to Lima from 8 million soles (US$2.8 million) to 486,000 (US$170,00) – a cut of 94 percent, the daily El Comercio reported.
It follows ramped up criticism over the influence of private interests groups on government ministries, after hackers last month revealed a series of emails that implicated ministers with oil and fishing industry lobbyists.