trending Market Intelligence /marketintelligence/en/news-insights/trending/hIo_Qj3JGS33y--BBd0YiA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Prosecutors charge 7 people for irregular transfers at Banco de Bogota

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


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.