Colombian minister faces probe into Isagen sale
Monday, February 29, 2016
Colombia's attorney general's office said it has opened a preliminary investigation into Finance Minister Mauricio Cardenas for supposed irregularities in the recent $2 billion privatization of power generator Isagen.
The government sold its majority stake in Isagen in January to Canada's Brookfield Asset Management for 6.49 trillion pesos. Brookfield valued the sale at $2.2 billion.