Colombia Comptroller’s Office on Wednesday sentenced the ex-president and the former directive board of Colombia’s once largest private health manager to a $726 million fine over fraudulent use of public funds.
Colombia is set to lose $3.6 billion to fraud this year, triple what it lost just two years ago, according to a report by auditing giant KPMG.
Colombia’s Comptroller has accused Alabama-based mining company Drummond of withholding $50 million in royalties from Colombia’s government over 10 years.
A court from the city of Cali, in Colombia’s southwestern state of Valle del Cauca, on Friday accused ex-finance minister Antonio Urdinola of procedural fraud and presenting false documents in…
Migration Colombia, the country’s office for immigration issues, reported on Tuesday the deportation of Marrawi Karin Olivier Jerome to France on charges of financial and commercial fraud.
The comptroller of Colombia’s third-largest department was one of nine officials to be arrested on Wednesday on charges of corruption.
The former head of Colombia’s Interbolsa — until recently Colombia’s largest brokerage firm — on Thursday denied accusations against the Colombian brokerage’s alleged involvement in money laundering.
Colombian authorities arrested 5 EPS Health insurance officials Monday accused of embezzling funds intended for patients. Five officials and former officials of private health insurer Nueva EPS were arrested, accused…
An international study concluded that 49% of Colombian companies were affected by fraud last year. Colombia marked a lower fraud rate than both the regional and global average of 56%…