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Colombia investigating 12 companies for foreign kickbacks

Tuesday, May 8, 2018

Colombia’s trade watchdog is investigating 12 companies for allegedly bribing foreign public officials, according to newspaper El Tiempo.

While a dozen organizations are under investigation, the spotlight has been shone on Colombian agricultural company, Vram Holding, for its role in a $6 million contract to construct a baseball stadium in Venezuela and the movement of money through Panama and Hong Kong.

Source: Colombia Reports