Colombia: Prosecutors To Charge National Oil Company Chief For Corruption In Probe Linked To President

Colombian Prosecutors to Charge National Oil Company Chief for Corruption in Probe Linked to President COLOMBIA Colombia Colombia’s attorney general will file corruption charges against the president of the national oil company Ecopetrol for alleged violations of campaign spending limits when he was running Gustavo Petro’s 2022 presidential campaign, the Associated Press reported. The state oil company’s president, Ricardo Roa, managed Petro’s finances during his ultimately successful bid to become Colombia’s first leftist president four years ago. He was appointed a year later to lead the oil company. Prosecutors said on Monday that they had evidence that Roa helped the Petro campaign illegally exceed spending limits. Authorities are also investigating him for alleged influence peddling linked to the purchase of an apartment in Bogotá from an oil executive, Bloomberg reported. They also allege that Roa steered Ecopetrol contracts to the executive’s firm in exchange for the apartment. Roa has denied the allegations. Even so, Colombia’s National Electoral Council fined him and two other campaign administrators for funding Petro’s campaign with money from illegal sources and exceeding spending limits by more than $1.4 million. The controversy surrounding Petro’s presidential campaign began in 2023, when a lawyer representing a government contractor with alleged ties to a paramilitary group said his client donated thousands of dollars to the campaign. That same year, Petro’s son, Nicolás Petro, told prosecutors that his father’s campaign had used money from a former drug trafficker. Nicolás is currently under investigation for money laundering. The president has denied the accusations and labeled them as part of an effort to undermine his administration. Roa’s investigation comes as Colombians are heading to the polls later this year to elect a new president and Congress. Petro is constitutionally barred from seeking reelection.