Colombian hostages freed by Farc Feb 28, 2008
The BBC's Jeremy McDermott in Medellin, Colombia, says that with the release, the pressure on Mr Uribe to make concessions to the Farc will increase. But Colombian Defence Minister Juan Manuel Santos said on Wednesday that the Farc was using its calls for dialogue to gain political space and discredit the government. (BBC News -- Americas)
Colombia's Farc back in limelight Feb 28, 2008
By Jeremy McDermott BBC News, Medellin. Hugo Chavez has played a key role securing hostage releases. (BBC News)
Is Mexico's Drug War Escalating? Feb 20, 2008
In the 1980s and 1990s, the Medellin cartel responded to a government crackdown with bombs on street corners, cars and even one passenger jet, killing hundreds. Colombian gangsters have long been selling cocaine to the Mexican cartels, who smuggle it into the United States. (Time.com)
Commerce: War Of The Roses Feb 15, 2008
We recently visited the Vereda Guayavita chrysanthemum farm 34 miles outside Medellin with Secretary of State Condoleezza Rice. The farm employs 220 refugees who were driven from villages by bombs, land mines and threats, mainly from drug-trafficking communist terrorists. (Investors Business Daily)
Wilting dollar hurts Colombian flower growers on Valentine's Feb 9, 2008
Flower farms clustered around the main cities of Medellin and Bogota offer jobs to people displaced by the war, enabling them to live in safe suburbs rather than slums that serve as makeshift refugee camps preyed upon by crime gangs. Alex Monsalve, 31, fled his hometown of Puerto Nare, Antioquia province, after right-wing paramilitaries tried to recruit him at gunpoint three years ago. (San Diego Union-Tribune -- Business)
Miami attorney faces money-laundering charges Feb 8, 2008
Kuehne; Gloria Florez Velez, an accountant from Medellin, Colombia; and Oscar Saldarriaga Ochoa, an attorney based in Medellin, Colombia, are charged with one count of conspiracy to commit money laundering, four counts of concealment money laundering and one count of obstruction of justice ... According to the indictment, defense attorneys of Fabio Ochoa Vazquez, a convicted cocaine smuggler and an alleged leader of the Medellin Cartel, hired Kuehne to investigate the source of the funds Ochoa... (South Florida Business Journal, FL)
Millionstake onrebels Feb 5, 2008
Colombianscarrying a giant figure representing a kidnapped person duringa massiveprotest on Monday in Medellin. . (MSNBC -- International)
* Colombian cocaine cartel chief found dead in Venezuela Feb 3, 2008
The Norte Valle Cartel grew strong after the dismantling of the Cali and Medellin cartels in the mid-1990s left a power vacuum. The new group was credited with handling some 60 percent of the cocaine flowing out of Colombia. (Taipei Times, Taiwan -- World)
Fading force?Colombia insists tough tactics are working against Farc rebels Feb 2, 2008
By Jeremy McDermott BBC News, Medellin ... The Farc "may be hard hit militarily and they may fragment, but they will simply turn into the powerful and heavily armed drug cartel in the world" says Juan Gonzalez, a lawyer in Medellin. (BBC News -- Americas)
Memo From Colombia: Where Free Trade Is Popular Jan 29, 2008
Condoleezza Rice went to Medellin last week to support free trade, and people unexpectedly lined the streets to applaud ... What didn't get camera space was the spontaneous well-wishing and cheers in Medellin upon the arrival ... It's about people and creating jobs for Medellin's and America's poor. (Investors Business Daily)
Chvez urges allies to withdraw reserves from US banks Jan 27, 2008
In her 24-hour visit to Medellin, Colombia's second-largest city, Rice and nine Democratic legislators met with union leaders who complained that the Uribe government has not done enough to halt violence, including killings, that discourages labor organizing. More than 700 trade unionists have been killed in Colombia since 2001, according to the government. (Boston Globe)
* Rice and lawmakers wrap up Colombia visit Jan 27, 2008
AFP, MEDELLIN, COLOMBIA Sunday, Jan 27, 2008, Page 7 ... The US delegation also met Medellin Mayor Alonso Salazar and 20 former members of the ultra right-wing United Self-Defense Forces (AUC) of Colombia, 4,000 of whose fighters have been reintegrated into civil society with government help since 2006 ... After her talk with the demobilized fighters, Rice and the US lawmakers visited a flower plantation in nearby Rionegro, 40km outside Medellin and had lunch with Uribe at his ranch. (Taipei Times, Taiwan -- World)
Rice talks trade on Colombia trip Jan 26, 2008
The BBC's Jeremy McDermott in Medellin it will remains to be seen whether a US Congress, more interested in the current fight for presidential nominees and this year's elections, will be won over by Ms Rice's arguments. Bookmark with. (BBC News -- Americas)
* Colombia needs FTA with US, Rice says Jan 26, 2008
NOT A PRIORITY: Colombian union leaders who oppose the free-trade deal claimed that violence against unionized workers is still too high, with 25 killed last year alone AP, MEDELLIN, COLOMBIA Saturday, Jan 26, 2008, Page 7 ... "[I'm here] to say very strongly that whatever the challenges facing Colombia, they are not going to be easier if this free-trade deal does not pass," Rice said in the Andean nation's second-largest city, Medellin ... Rice and the US legislators met late on Thursday in... (Taipei Times, Taiwan -- World)
Rice Backs Uribe on Trade Free Trade Agreement, Security in Colombia Trip Jan 26, 2008
Colombia is an inspirational story,'' Rice told reporters after meeting Uribe and his cabinet today in Medellin, northwest of Bogota ... The visit to Medellin -- once considered the world's most dangerous city when drug lord Pablo Escobar ran his cartel from there -- builds on a series of similar trips last year by U.S. Commerce Secretary Carlos Gutierrez and lawmakers aimed at getting Congress to approve the agreement with Colombia this year ... Rice said on her arrival in Medellin that... (Bloomberg -- Latin America)
Rice to show Colombia support Jan 25, 2008
Ms Rice, accompanied by 10 Democratic congressmen, will meet Mr Uribe and some demobilised Colombian right-wing guerrillas on Friday in Medellin ... The BBC's Jeremy McDermott in Medellin says the treaty will be a tough sell for Ms Rice ... Medellin, Colombia's second largest city behind the capital Bogota, was the base of cocaine baron Pablo Escobar and one of the world's most violent cities in the last decade. (BBC News -- Americas)
Rice: Colombia needs free trade pact to overcome problems Jan 25, 2008
MEDELLIN, Colombia (AP) -- Secretary of State Condoleezza Rice said Thursday the challenges facing Colombia will only get harder if a trade deal with Washington doesn't pass, as she met with union members during a visit to try to revive the pact ... The delegation met late Thursday in Medellin with unionists who oppose the deal ... As in seven visits of U.S. lawmakers led by Commerce Secretary Carlos Gutierrez and other high-ranking administration officials since June, the focus of this mission... (Sioux City Journal, IO)
Egypt must protect Gaza Strip border - Rice Jan 25, 2008
MEDELLIN, Colombia, Jan 24 (Reuters) - Egypt must ensure the security of its border on the Gaza Strip where militants have blown a hole in the wall built by Israel, U.S. Secretary of State Condoleezza Rice said on Thursday. "I understand that it's a difficult situation for them. But it is an international border. It needs to be protected and I believe that Egypt understands the importance of doing that," Rice told reporters before arriving in Medellin on a trip to promote a free trade agreement... (AlertNet)
Selling America's Foreign Policy Jan 25, 2008
From Switzerland, salesman-in-chief Rice raced back to Washington, re-packed her bags in 00004000 less than 12 hours, picked up new traveling companions and flew off to Medellin, Colombia -- the hometown of America s staunchest ally in Latin America, embattled Colombian President, Alviro Uribe ... Perhaps most importantly, Mr. Uribe had the opportunity to showcase how Medellin has been rebuilt from a violent haven for the world s most notorious drug cartel into a thriving commercial center in... (Human Events Online)
Rice says Colombia needs FTA to overcome challenges Jan 25, 2008
Rice arrived in Medellin, northwestern Colombia, Thursday with a delegation of Democratic lawmakers for two days of talks aimed at reviving the contentious free trade agreement (FTA) with the South American country ... The visit is an opportunity for Colombia's various sectors to explain the future FTA's benefits, said Medellin's government secretary Jesus Rodriguez. (Xinhuanet, China)
US Diplomat Sees No Andes Conflict Jan 24, 2008
She is traveling to Medellin, Colombia, with 10 House members. Shannon, assistant secretary of state for Western Hemisphere affairs, told reporters in Washington that the Rice trip seeks to highlight "the important role that Colombia plays in a larger U.S. approach to the Americas.". (Atlanta Journal-Constitution -- World)
Police chief hurt in fatal Iraq blast Jan 24, 2008
Demonstrators shout slogans in Medellin during a protest against the visit of U.S. Secretary of State Condoleezza Rice to Colombia January 23, 2008. Rice will lead a group of U.S. lawmakers. (AlertNet)
Viva Latina! Fiorana Launches 'Latina Cut' Premium Denim at WWD MAGIC Jan 19, 2008
Their manufacturing plants are located in Medellin, Colombia and their USA Headquarters are located in Fort Worth, Texas. Fiorana sells direct to apparel boutiques, department stores, and provides private label jeans. (PR Newswire)
Little optimism after releases Jan 12, 2008
By Jeremy McDermott BBC News, Medellin ... "Look, it took six years for the Farc (Revolutionary Armed Forces of Colombia) to release these women and then only in a cynical attempt to win international support and pressure the president," said Fabio Ramirez, 40, a company executive in Medellin. (BBC News -- Americas)
Colombia rejects foreign missions Jan 9, 2008
By Jeremy McDermott BBC News, Medellin. President Alvaro Uribe has been boosted by the hostage fiasco. (BBC News -- Americas)
Drilling for drama: Oceanside geologist recalls time spent in Colombian jungle Jan 6, 2008
"It was a fascinating life for me as a young man," he said, adding that the area of Medellin where he was sent, is about 5,000 feet in elevation and known as the city of eternal spring ... And in Medellin, Colombia's second largest city after Bogata, McGee also met and fell in love with his wife, Ines, to whom he has now been married for 48 years. (North County Times)
Hopes dashedLosers all round in Colombia's latest hostage drama Jan 4, 2008
By Jeremy McDermott BBC News, Medellin ... "The Farc continue to play with the lives of the hostages and their families," said Beatriz Romero, 36, a teacher in the city of Medellin. (BBC News -- Americas)
Explosions on Colombian Army Base Kill 2 Dec 30, 2007
BOGOTA, Colombia - A series of explosions ripped through an army base in the Colombian city of Medellin on Saturday, killing at least two people and forcing nearby residents to flee ... Fernando Avila told The Associated Press moments before boarding a Medellin-bound plane in Bogota ... Alfredo Munoz, head of Civil Defense in Medellin, told Caracol Radio that at least two people were killed and rescuers evacuated another seven wounded. (Mattoon Journal-Gazette, IL)
Colombia hostage mission delayed Dec 30, 2007
The BBC's Jeremy McDermott in Medellin says sources in the Colombian government say it wants to regain the initiative with respect to the prisoner exchange and does not want Mr Chavez, who is perceived as being too friendly with the Farc, to hijack negotiations. Bookmark with. (BBC News -- Americas)
Six missing after blast at army base Dec 30, 2007
BOGOTA, Colombia (AP) -- Six people are missing and eight injured after a series of explosions ripped through an army base in the Colombian city of Medellin on Saturday, army officials said ... Gen. Luis Roberto Pico, head of the army's 7th division in Medellin, said the missing could be inside the incinerated arsenal ... Earlier, Alfredo Munoz, head of civil defense in Medellin, told Caracol Radio that at least two people had been killed during the blasts. (Sioux City Journal, IO)
Officials: Drug cartel member arrested in Orlando Dec 30, 2007
(AP) -- A member of the Colombian Medellin-based drug cartel who coordinated the kidnapping of an undercover federal agent in 2005 has been arrested, federal authorities said Friday ... A 15-count indictment alleges that Castaneda coordinated the kidnapping of an undercover Immigration and Customs Enforcement agent in Medellin, Colombia. (WSVN-TV Miami, FL)
* Families hopeful despite delay in release of hostages Dec 26, 2007
"They will not be freed before Christmas. They have not appeared and for the moment there is nothing," Colombian Senator Piedad Cordoba, a mediator in the hostage crisis, said by telephone from Medellin. She said that the release of the three is "certain and will happen," but did not specify when exactly. (Taipei Times, Taiwan -- World)
Burger King to open in Colombia Dec 17, 2007
said it has agreed to allow franchise group Kinco S.A. to develop restaurants in the Colombian cities of Medellin and Cali. The first Burger King (NYSE: BKC) store in Medellin is expected to open during the first half of 2008 ... More openings are scheduled for Medellin and Cali in the next two years. (South Florida Business Journal, FL)
Bancolombia Announces Unconsolidated Net Income of Ps 73,874 Million for the Month of November 2007, Totaling Ps 724,529 Million for the First Eleven Months of 2007 Dec 12, 2007
MEDELLIN, Colombia, Dec. 11 /PRNewswire-FirstCall/ -- Bancolombia S.A. ("Bancolombia") reported unconsolidated net income of Ps 73,874 million during the past month of November. During November, total net interest income, including investment securities amounted to Ps 177,344 million. (PR Newswire)
Bancolombia Announces Donations Dec 5, 2007
MEDELLIN, Colombia, Dec. 4 /PRNewswire-FirstCall/ -- BANCOLOMBIA S.A. ("Bancolombia") announces that as of today it made donations in a total amount of Ps 14,722,447,991. 85. (PR Newswire)
Profile: Ingrid Betancourt Dec 1, 2007
At the time of his death, he was riding high in the polls, campaigning on a platform of populist reform and zero tolerance towards drug lords such as Pablo Escobar, the notorious head of the Medellin cocaine cartel and the most powerful gangster the world has known ... The Medellin and Cali cartel leaders, he said, had been long-time allies until, from jail, Escobar had two close allies of the Rodriguez brothers brutally tortured and killed for refusing to pay his "taxes" ... He was to be held... (Guardian Unlimited -- World)
See Colombia. Ratify Free Trade Nov 29, 2007
Not too long ago, Medellin, not Baghdad, was considered the world's most violent city. Now where gun battles between drug gangs once raged in the Santo Domingo-Savio neighborhood sits a shiny new library: a perfect place to enjoy a book, and an even better place to witness the transformation of a city and of an entire country, Colombia, once known as the global capital of murder, kidnap and cocaine. (Time.com)
Venezuela Recalls Ambassador to Colombia After Clash Between Chavez, Uribe Nov 28, 2007
Colombiana de Tejidos SA, based in Medellin, headed for its steepest two-day fall in 18 months amid concern over its business in Venezuela. Colombia's benchmark stock index fell for a second day, declining 0. (Bloomberg -- Latin America)
Colombia's success can mean larger market for Miss. products Nov 26, 2007
The city of Medellin was once ground zero for international drug cartel operations, and it had one of the highest homicide rates in the world. Violence there has been reduced to its lowest level in decades. (The Clarion-Ledger)
Colombian Uribe boosts tough-guy image over Chavez Nov 24, 2007
But in Colombia, the diminutive lawyer and farmer from the mountains outside Medellin is respected as a decisive leader who runs the country much like one of the ranches where he likes to show off his horseback riding skills to guests. At one of his televised town hall meetings, where voters complained that a public works project was behind schedule, the bespectacled Wall Street favorite pulled his mobile phone from his pocket to call a Cabinet minister to express his ire. (Reuters)
A Colombia Comeback Nov 23, 2007
MEDELLIN, Colombia-- In what was once the most dangerous neighborhood of this, the world's most notorious city, a Sunday afternoon is a bustling, joyful affair ... Gregory Meeks, part of a congressional delegation visiting from the United States, "they're cooking pizzas, they're eating ice cream, boyfriends and girlfriends are holding hands -- this is amazing, this Medellin! We're supposed to be dodging bullets." ... Medellin's murder rate is now lower than Baltimore's. (Townhall.com)
Nothing lost in translation -- Blinn’s Vanegas, Daniel have made adjustments to life in U.S. Nov 14, 2007
Vanegas, who hails from Medellin, Colombia, is in her third season with Blinn after redshirting last season due to an injury. Daniel, a true sophomore from Limeira, Brazil, joined the team last season. (Brenham Banner, TX)
Cartagena's close-up Nov 10, 2007
After all, Colombia itself has existed, yet not existed, for years; ever-present in headlines especially with drug-and violence-related news from Medellin it has been next to impossible to see it first-hand. Now, both onscreen and as a compelling destination, Cartagena, like Gabo, may finally be returning to the realm of the real. (Globe and Mail)
Lincoln: Colombian aid an anchor in populist Latin America Nov 6, 2007
and Lindsey Graham, R-S.C., toured a flower farm in Medellin, once the violent hometown of cocaine dealer Pablo Escobar ... Lincoln said statistics show Medellin's once bloody streets now see a homicide rate closer to Baltimore, a level she described as "manageable." She said money from USAID, which provide humanitarian aid to foreign countries, helped create the flower farm, employing those who might otherwise work harvesting and processing coca leaves. (Pine Bluff Commercial, AR)
Payoffs from U.S. firms fuel Colombian terror, activists say Oct 30, 2007
Less than 5% of the Colombian labor force is unionized, vs. about 14% two decades ago, according to the union-affiliated Escuela Nacional Sindical in Medellin. In recent months, as a negotiated demobilization of Colombia's paramilitaries continued, the question of what corporations did, and are doing, to operate amid the conflict drew sustained attention here. (USA Today -- Money)
Choco, Colombia's Pacific Coast Oct 29, 2007
A longstanding ecotourism destination of choice for residents of Medellin, Nuqui boasts a dramatic coastline with rocky promontories and stretches of beach ideal for surfing. Boasting numerous award winning eco lodges along the beaches to the north and south of the town, Nuqui is an ideal jumping off point for expeditions and adventures along the Choco coastline. (Suite101.com)
Colombian Protesters March Against Guerilla Violence Oct 18, 2007
5 million people in the four biggest cities of Bogota, Medellin, Cali and Barranquilla, spokesman Alberto Cantillo said by telephone. The deaths of the lawmakers derailed joint efforts by France and Colombia to negotiate an exchange of prisoners, including French-Colombian former presidential candidate Ingrid Betancourt and three U.S. citizens. (Yahoo News -- Colombia)
Latin rhythms flavor his jazz Oct 17, 2007
Last year's concert, performed before an estimated 25,000 fans, was part of annual Colombian jazz festival featuring national and international artists that began in Medellin before ending in the capital city of Bogota. "That was an awesome tour, and Colombia is crazy about jazz," said Herwig between classes at Rutgers University, where he teaches jazz trombone, improvisation and arrangement. (Pittsburgh Post-Gazette, PA)
Relea: Pablo Escobar Oct 17, 2007
Of the current Colombian President, lvaro Uribe, Vallejo says that the chief of the Medellin Cartel idolised him. She states that the (Colombian) leader, as director of civil aeronautics (1980-1982), granted dozens of licences for landing strips and hundreds for aircraft and helicopters on which the drug trafficking infrastructure was built. (Zmag.org)
What's Eating Colombia's President?Washington's close ally in Latin America is railing against judges and journalists who question his political record Oct 17, 2007
According to Vallejo, Escobar offered Uribe his helicopter to transport his father and brother, who was injured in the attack, from their farm to Medellin. News reports from the time, describing the failed kidnapping corroborate her account. (Time.com)
Bush Urges Congress to Approve Trade Accords With Latin American Nations Oct 14, 2007
The Bush administration plans a series of congressional visits this year to Medellin, a Colombian city that gained notoriety in the 1980s as a drug haven. It also plans a new aid package aimed at beefing up the ability of President Alvaro Uribe to prosecute those accused of killing labor organizers, according to U.S. trade officials. (Bloomberg -- Latin America)
Palacios injured in practice Oct 14, 2007
The 6-foot-8, 250-pound Medellin, Colombia native was expected to start for Louisville at power forward and also split time at small forward this season. A report on FoxSports Saturday afternoon said it is believed to be a sprained MCL. Fox's Jeff Goodman was in UofL's YUM. (Louisville Sports -- Rivals.com)
Juanes returns to childhood town in Colombia for unveiling of bronze statue in his likeness Oct 13, 2007
Juanes, whose real name is Juan Esteban Aristizabal Vasquez, was born in Colombia s second-largest city of Medellin, but spent much of his childhood in the small agricultural town where his family has lived for generations. Along with Shakira, Juanes is one of Colombia s most famous musical exports, rising to fame with the hits A Dios Le Pido and La Camisa Negra. (Somerset Daily American, PA)
Colombia's First Low Cost Airline Oct 13, 2007
Medellin to Apartado, Monteria, Bucaramanga, Pasto. Cali to Pasto and Monteria. (Suite101.com)
Ex-Colombian minister convicted in '89 killing Oct 13, 2007
Escobar and members of his Medellin cartel feared Galan's victory would mean their extradition from to the United States ... Hundreds of other Colombians died in cartel bomb attacks in Bogota and Medellin. (CNN -- World)
Aero Republica Begins Service to Panama from Bucaramanga, Colombia Oct 9, 2007
Aero Republica, Colombia's second-largest domestic carrier, provides service to 12 cities in Colombia, as well as international connectivity with Copa Airlines' Hub of the Americas from the Colombian cities of Bogota, Bucaramanga, Cali, Cartagena and Medellin. Copa Holdings, through its Copa Airlines and Aero Republica operating subsidiaries, is a leading Latin American provider of passenger and cargo service. (PR Newswire)
Stone to produce another 'Escobar' Oct 9, 2007
Carnahan has worked for five years on "Killing Pablo." Awareness of the subject was recently heightened by "Medellin," a fictional film that was part of an ongoing storyline in the HBO series "Entourage.". While Carnahan and Yari downplayed a rival's emergence in announcing that their Escobar film was on firm footing, the "Escobar" producers said theirs is an honest depiction of Escobar's rise to become one of the world's richest men by leading the Medellin drug cartel and inflicting terror upon... (Variety)
Candidates owe us their views on the drug war Oct 9, 2007
American assistance helped Colombia, on the brink of becoming a narco-state only a decade ago, crush the monstrous Medellin cartel, disrupt the Cali syndicates, and effectively attack drug-dealing insurgents and paramilitaries. The American public should want to know what those who would be president think of all this. (Human Events Online)
Reporter flees Colombia threats Oct 7, 2007
In the book, by Virginia Vallejo and entitled Loving Pablo, Hating Escobar, it is alleged that Mr Uribe had close ties to the head of the Medellin drug cartel. "Ever since Uribe came out defaming me and accusing me, I have been sought after by the hitmen of Colombia, and there are a lot of them in Colombia," Mr Guillen said. (BBC News -- Americas)
* Freelance reporter leaving Colombia over death threats Oct 7, 2007
Colombian President Alvaro Uribe on Tuesday accused the 55-year-old journalist of ghostwriting a book by a former mistress of the late drug lord Pablo Escobar that alleges Uribe was a friend of the Medellin cocaine cartel. "Behind this lady is Gonzalo Guillen who has dedicated his journalistic career to infamy and lies," the president, who has repeatedly denied any ties to Escobar, said on radio. (Taipei Times, Taiwan -- World)
Bush Administration Boosts Pressure to Pass Trade Agreement With Colombia Oct 4, 2007
The administration plans a series of congressional visits this year to Medellin, a Colombian city that gained notoriety in the 1980s as a drug haven ... For example, Medellin, once the most dangerous city in the world, brought its murder rate down to 29 per 100,000 last year from 381 per 100,000 in 1991, Gutierrez wrote. (Bloomberg -- Latin America)
Colombia coach takes another look at ngel Oct 4, 2007
Angel, who played for his hometown club of Nacional of Medellin before moving to River Plate in Argentina and then Aston Villa, was relegated to bench earlier this year in England. His transfer to the United States has revitalized his career. (SportsIllustrated.CNN -- Soccer)
Colombia rising above its tragic past, but labor turmoil lingers Oct 4, 2007
By David J. Lynch, USA TODAY MEDELLIN, Colombia In a city long synonymous with murder and mayhem, the neighborhood of Santo Domingo Savio was among the most deadly precincts ... An astonishing turnaround, in fact, has slashed Medellin's murder rate to less than one-tenth the 1991 figure and planted hope where despair once thrived ... He got a job selling lottery tickets on a street corner, part of a booming trade in Medellin, but one controlled by paramilitaries. (USA Today -- Money)
Successful Offering of Bancolombia's Ordinary Notes Sep 27, 2007
MEDELLIN, Colombia, Sept. 26 /PRNewswire-FirstCall/ -- -- The first issuance and offering of Bancolombia's Ordinary Notes was for an aggregate principal amount of Ps 400 billion. -- The lead coordinator and lead book-running manager for the transaction was Banca de Inversion Bancolombia S.A. Corporacion Financiera. (PR Newswire)
The Attorney General's Office Revoked Its Decision to Prosecute Officers of Bancolombia S.A. Sep 26, 2007
MEDELLIN, Colombia, Sept. 25 /PRNewswire-FirstCall/ -- Today, the Attorney General's Office (Fiscal Delegado) of the Supreme Court of Justice (Corte Suprema de Justicia), upon an appeal, revoked the previous decision of the Attorney General's Office, dated January 4, 2007 and decided not to prosecute the President and the Executive Vice President of Bancolombia S.A. (Bancolombia) in connection with events relating to the acquisition of Banco de Colombia by Banco Industrial Colombiano (BIC) and... (PR Newswire)