trending Market Intelligence /marketintelligence/en/news-insights/trending/hIo_Qj3JGS33y--BBd0YiA2 content esgSubNav
In This List

Prosecutors charge 7 people for irregular transfers at Banco de Bogota

Blog

Spotlight on sustainability: How banks can overcome the challenges of achieving net-zero emissions by 2050

Blog

Insight Weekly: US election scenarios; borrowing costs rise; commercial REIT fears

Podcast

Street Talk | Episode 100 - KBW CEO offers optimism for bears fearful of bank liquidity, credit

Blog

Insight Weekly: Stocks endure more pain; bank branch M&A slows; debt ratios fall


Prosecutors charge 7 people for irregular transfers at Banco de Bogota

Colombian prosecutors filed theft charges against seven individuals, including an employee of Banco de Bogotá SA, for their alleged involvement in irregular transfers at the bank amounting to over 1.20 billion Colombian pesos to various account holders in 2015, La República reported.

The thefts were allegedly carried out in March 2015 through electronic means by a bank employee who was able to make money transfers to account holders through a system that makes account adjustments. The transfers were detected when the bank realized it did not owe any funds to the accounts in question, the Dec. 17 publication noted.

As of Dec. 16, US$1 was equivalent to 2,993.67 Colombian pesos.