New evidence of Nule Group ‘false bankruptcy’

Information released Friday allegedly backs Senator Ivan Moreno’s claim that the Nule Group fraudulently filed for bankruptcy.

W Radio released details of an agreement that apparently shows the Nule Group ceded control of eight companies within their conglomerate to creditors in order to declare bankruptcy.

This supposed transfer on June 19, 2010, was made for a sum of only $200,000. Furthermore, the same day the transfer took place, creditors immediately agreed to provide management services for a Nule Group firm that comprised 25% of the eight companies handed over.

According to the report, it appears the Nule Group instantly mounted an illicit operation to recover 25% of their business though not through their formal control. The contract also contained the clause that allowed this participation to rise to 33%.

In addition, the agreement allegedly saw the three Nule Group members, Miguel, Manuel and Guido, given $1.68 million to divide among themselves personally without official declaration.

In a separate development, Caracol Radio reported Friday that Colombia’s tax authorities DIAN have filed a complaint against the group for failing to provide $2.68 million in owed tax.

Earlier this week, Colombia’s Comptroller General announced that she will seek to seize all international assets of the Nule Group as investigations continue into the Bogota corruption scandal. On Wednesday, this was incorrectly reported as being a request for the seizure of assests held by the Moreno brothers, Ivan and Mayor of Bogota Samuel.

Both brothers are currently being investigated for their involvement in the alleged fraudulent awarding of construction contracts to the Nule Group in exchange for payment.

Ivan Moreno stated on Wednesday that the Nule Group were claiming bankruptcy to pose as victims in order to sue the Colombian state for $265 million.

Hearings have been carried out this week in Miami as the group are currently based in the U.S. However, Colombia’s Comptroller has requested them to return to Colombia so that proceedings can move along at a faster pace.

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