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Stocks of top Colombia soccer team seized over money laundering

Thursday, November 23, 2017


Colombia has seized stocks of Santa Fe, a top team from the capital Bogota, after establishing that one of the soccer club’s owners had been laundering money.

According to newspaper El Tiempo, authorities seized approximately 15,000 stocks belonging to Jaime Tello, who resigned as a member of the board of directors in May after being arrested.

Source: Colombia Reports