👀 Ones to watch: Undervalued stocks to buy before they report Q3 earningsSee Undervalued Stocks

Son of Colombia's president to face trial over money laundering -attorney general's office

Published 09/25/2023, 09:28 PM
Updated 09/25/2023, 09:31 PM
© Reuters. Defendant and son of Colombian president Gustavo Petro, Nicolas Petro attends a hearing in Bogota, Colombia August 3, 2023 in this screengrab taken from a handout video. Colombian Prosecutor's Office/Handout via REUTERS/File Photo

BOGOTA (Reuters) - Nicolas Petro, the son of Colombia's President Gustavo Petro, will face trial for alleged crimes of illicit enrichment and money laundering while serving as a politician in the province of Atlantico, the attorney general's office said on Monday.

A written indictment against Petro was filed in the Criminal Courts of the Specialized Circuit of Barranquilla, the attorney general's office said in a statement.

Petro was arrested in Barraquilla, the capital of Atlantico, in July alongside his ex-wife, Daysuris del Carmen Vasquez, who is being held on similar charges.

At a hearing in August, Petro pleaded not guilty but said he would collaborate with prosecutors, who accuse him of buying properties valued at $394,000 with money that did not come from his salary.

The deal Petro negotiated with prosecutors could have won him benefits such as reduced sentences and house arrest but the deal fell through after a deadline to deliver information and evidence of the other people involved was missed, according to the attorney general's office.

A judge will be assigned by the courts to oversee the case in due course, the statement said.

According to the charges, Nicolas Petro received money from accused drug traffickers in exchange for including them in the president's peace plans.

© Reuters. Defendant and son of Colombian president Gustavo Petro, Nicolas Petro attends a hearing in Bogota, Colombia August 3, 2023 in this screengrab taken from a handout video. Colombian Prosecutor's Office/Handout via REUTERS/File Photo

The president has denied awareness of any illegal activities and said he will continue with his administration's policy plans.

The scandal threatens to hamper his pursuit of peace or surrender deals with armed groups and an ambitious reform agenda, which was already facing challenges amid the breakdown of the government's prior congressional coalition.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.