HomeNewsBriefColombia Congressman Accuses Brokerage Firm of Ties to Criminal Groups
BRIEF

Colombia Congressman Accuses Brokerage Firm of Ties to Criminal Groups

COLOMBIA / 9 MAY 2013 BY JAMES BARGENT EN

The president of Colombia's Liberal Party has accused disgraced brokerage firm Interbolsa of laundering money for drug traffickers, guerrillas, and corrupt politicians, as the financial scandal continues to unravel.

Speaking at a congressional debate about Interbolsa, Congressman Simon Gaviria said he had proof that the firm laundered bribes paid by contactors to the Bogota's mayor's office in the notorious scandal that brought down Bogota's former mayor, Samuel Moreno.

Gaviria added he believed Interbolsa was also involved in laundering criminal proceeds from drug trafficking groups such as the Oficina de Envigado in Colombia and the Sinaloa Cartel in Mexico, as well as guerrilla group the Revolutionary Armed Forces of Colombia (FARC), reported El Colombiano.

Gaviria said he would provide evidence to back his claims to prosecutors, who are set to charge eight people involved in the case next week.

InSight Crime Analysis

The Interbolsa scandal began when the firm -- once the largest in Colombia -- was liquidated under mysterious circumstances in November 2012. Since then, the allegations of money laundering and criminal behavior have continued to build. Should Gaviria's allegations prove true, the Interbolsa case could arguably be labeled one of the biggest scandals in the history of Colombian finance.

There is also evidence to support accusations that the firm may have had links with organized crime groups. A suspect in the Interbolsa case, Carlos Leyton Sinisterra, stands accused of laundering money for criminal groups in Mexico and Puerto Rico, and has aslo been linked to the organization of captured Colombian drug trade kingpin Daniel "El Loco" Barrera. Leyton was arrested shortly after Interbolsa's collapse last year.

share icon icon icon

Was this content helpful?

We want to sustain Latin America’s largest organized crime database, but in order to do so, we need resources.

DONATE

What are your thoughts? Click here to send InSight Crime your comments.

We encourage readers to copy and distribute our work for non-commercial purposes, with attribution to InSight Crime in the byline and links to the original at both the top and bottom of the article. Check the Creative Commons website for more details of how to share our work, and please send us an email if you use an article.

Was this content helpful?

We want to sustain Latin America’s largest organized crime database, but in order to do so, we need resources.

DONATE

Related Content

COLOMBIA / 25 NOV 2011

After becoming a key witness for the DEA, one of the former members of the Cali Cartel is reportedly back…

COLOMBIA / 29 MAY 2011

A group of U.S. and Colombian think tanks found little progress in Tumaco, a region on Colombia's Pacific…

COLOMBIA / 8 JUL 2014

Authorities in Cali, Colombia have attributed a decrease in homicides to a combination of citizen security measures and increased presence…

About InSight Crime

THE ORGANIZATION

InSight Crime’s Greater Focus on US-Mexico Border

20 JUL 2021

InSight Crime has decided to turn many of its investigative resources towards understanding and chronicling the criminal dynamics along the US-Mexico border.

THE ORGANIZATION

Key Arrests and Police Budget Increases Due to InSight Crime Investigations

8 JUL 2021

With Memo Fantasma’s arrest, InSight Crime has proven that our investigations can and will uncover major criminal threats in the Americas.

THE ORGANIZATION

Organized Crime’s Influence on Gender-Based Violence

30 JUN 2021

InSight Crime investigator Laura N. Ávila spoke on organized crime and gender-based violence at the launch of a research project by the United Nations Development Programme.

THE ORGANIZATION

Conversation with Paraguay Judicial Operators on PCC

24 JUN 2021

InSight Crime Co-director Steven Dudley formed part of a panel attended by over 500 students, all of whom work in Paraguay's judicial system.

THE ORGANIZATION

Combating Environmental Crime in Colombia

15 JUN 2021

InSight Crime presented findings from an investigation into the main criminal activities fueling environmental destruction in Colombia.