Petro’s first moves to restructure Colombia’s government
Petro and Duque meet over transition of power...
Colombia confronts former FARC chiefs with suffering kidnapping...
Colombia hears former guerrilla chiefs over mass kidnappings
Petro’s quest for a majority in Colombia’s Congress
Colombia’s ELN guerrillas reiterate call to resume peace...
Colombia begins transition of power after elections
The peaceful revolution of Colombia’s “nobodies”
Historic victory for Gustavo Petro in Colombia’s elections
Colombia’s election observers say voters received tainted ballots
  • About
  • Support
  • Newsletter
  • Contact
Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
Economy

Business cartel defrauded Colombia’s military for $16M: authorities

by Adriaan Alsema May 23, 2018

A business cartel that fixed prices of military rations defrauded Colombia’s armed forces for more than $16 million (COP47 billion), according to the country’s industry watchdog.

The Superintendency for Industry and Trade (SIC) filed charges against seven firms and 11 executives for allegedly conspiring to rip off the security forces since 2011.

The cartel agreed to fix prices in at least 10 bidding processes over the past seven years, which cost the military approximately $16 million, according to the SIC.

Companies charged with price-fixing

  • Industrias Alimentos y Catering
  • La Huerta de Oriente
  • Ibeaser
  • Productora Y Distribuidora De Productos Lacteos Y Comestibles
  • Inversiones Baalbek
  • Comfinagro
  • A.R. Triple A

The industry regulator ordered the Prosecutor General’s Office to file criminal charges against the companies and businessmen.

At least one of the implicated businessmen was already implicated in a corruption scandal in Bogota that resulted in the incarceration of the capital city’s former mayor.

In this case no public officials appear to have been involved in the fraud scandal.

Business cartels are notorious in Colombia. Over the past two years, the SIC discovered price-fixing arrangements between cartels in the country’s cement industry, the sugar industry, the meat industry and even the toilet paper industry.

fraudmilitary

Trending

  • Petro’s quest for a majority in Colombia’s Congress

  • The peaceful revolution of Colombia’s “nobodies”

  • Colombia hears former guerrilla chiefs over mass kidnappings

Related articles

  • The retired general’s lies before Colombia’s war crimes tribunal

  • Colombia’s army chief investigated over election meddling

  • Army chief takes sides in Colombia’s election race

  • RSS

@2008-2019 - Colombia Reports. All Rights Reserved.
Powered by Digitale Zaken and Parrolabs


Back To Top