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Four freed in big Colombian stock market scandal

Friday, July 3, 2015

A judge ordered the release of four former executives of Colombia’s once-largest brokerage firm Interbolsa, claiming the prosecution failed to proceed with the corporate fraud trial within the legal time limit.

Among the released is Alessandro Corridori, the main investor of the securities broker that defaulted on a loan and was liquidated in 2012, causing a major crisis in Colombia’s stock exchange.

Source: Colombia Reports