Uruguay Cancels OPV Contract with Cardama Shipyard Amid Allegations of Fraud

“precarious financial situation.” Orsi alleged potential fraud and breaches of contract after finding the vessels only 15% complete and identifying invalid collaterals and a lack of technical capacity. The government said it will execute the 5% performance guarantee of EUR 4.1 million and seek recovery of the approximately USD 30 million already paid. Two Navy officers have been dispatched to Spain to verify construction progress. An internal July report confirmed serious delays. The next step is administrative and criminal investigations and a new transparent tender process. Source: https://en.mercopress.com/2025/10/23/uruguay-cancels-opv-shipbuilding-deal