trending Market Intelligence /marketintelligence/en/news-insights/trending/kjz7r9cz1ikay50ecomvha2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

US authorities probe Grupo Aval over highway project

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

US authorities probe Grupo Aval over highway project

Grupo Aval Acciones y Valores SA said it received an inquiry from the U.S. Department of Justice concerning Ruta del Sol 2, a highway project in which scandal-plagued Brazilian conglomerate Odebrecht was also involved.

The company did not provide any details on the U.S. investigation, but vowed to cooperate with the inquiry.

"Grupo Aval has informed the DOJ, through its U.S. counsel, that it intends to cooperate with the DOJ's investigation, as it has done with all prior government inquiries into this matter," the Colombian financial group said.

"Grupo Aval takes this and any other government investigation that may arise very seriously," it said, adding that any further developments related to the case will be disclosed in its regular quarterly earnings reports.

Odebrecht is embroiled in a large graft scandal in Latin America and has admitted bribing government officials in 12 countries, including Colombia. Prosecutors in Colombia believe the company paid $27 million to secure the Ruta del Sol contract, which was cancelled in February 2017 after evidence of bribery surfaced.

The suspicious death of a key witness in the bribery case in November prompted Grupo Aval to deny any involvement in corruption. The witness had reportedly flagged what he saw as suspicious payments made by Odebrecht and Grupo Aval in the granting of Ruta del Sol contracts as early as 2013.