February 1, 2021
Medellin‘s notoriously corrupt elite backed the city’s most powerful business giant after one of its foundations admitted it fraudulently sought a $2.8 million (COP10 billion) grant meant for poor children.
Mayor Daniel Quintero‘s attack against the so-called Antioquia Business Group (GEA) came after a failed attempt to remove the former anti-corruption advocate from power.
To make things worse for the unregistered business giant, its Clara Cristina foundation admitted to falsifying a municipal document that would grant the 60-year-old NGO a contract to provide school lunches to the city’s poor.
The reputation of the business conglomerate had already been going downhill after member businesses like Bancolombia and Cementos Argos were convicted for making a profit from Colombia’s armed conflict through land dispossession.