Colombia loses $250 million in royalties after ‘database error’

Colombia’s comptroller said Thursday that more than $250 million have mysteriously disappeared from the books of one of the country’s poorest provinces.

According to a damning report, “all accounting information” related to royalty payments equal to 10% of the province’s GDP “was deleted.”


Comptroller’s Office

The information that was deleted related to royalty payments made during the administrations of jailed governors Juan Francisco Gomez and Oneida Pinto, both of the Radical Change party.

The disgraced politicians were the regional allies of “business-friendly’ presidential candidate German Vargas, a dynasty politician from the capital Bogota.

According to the comptroller’s office, the missing money is half of all the royalties paid since 2012.

Prosecutor General Nestor Humberto Martinez, a founding member of Radical Change, did not immediately announce a criminal investigation.

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