Colombian authorities found no irregularities in the contracts with Canal Capital for Paul McCartney’s concert broadcast in April, local media reported Tuesday.
In a 17-page document, the Inspector General’s Office concluded that all contracts related to the broadcasting met regulations.
The broadcasting was “efficient, economic and effective,” an official of the control agency stated.
He added that although the expenses associated with the broadcst exceeded the revenues from sales and advertising spots, the control agency does not consider the $94,000 investment as detrimental to the state.
The broadcast of the concert fulfilled an important need for the community, as it made this type of entertainment accessible to those who could not afford to buy a ticket, the official said.
The Inspector General’s Office started investigations after allegations of misuse of public resources and contract management by broadcasting channel Canal Capital arose.
The investigation aimed to determine if the money paid by the city of Bogota to Canal Capital for broadcasting rights to the ex-Beatle’s concert was correctly invested.