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Colombia opens criminal inquiry into failed brokerage

Thursday, November 15, 2012

Colombia has opened a criminal investigation into the collapse of the country's largest brokerage, Interbolsa, Attorney General Eduardo Montealegre said on Wednesday.

Colombian authorities are liquidating Interbolsa after the brokerage failed to make a scheduled bank payment.

The government has repeatedly said it was a one-time event and not indicative of wider financial problems in the economy.

Source: Reuters