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Omnicom Group Acquires ipsh! to Strengthen Its Position in the Burgeoning Mobile Marketing Industry
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Isosceles Pharmaceuticals appoints Herbert Neuman, MD, MBA Chief Medical Officer and adds Thomas Harrison, LH D as a strategic advisor
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Colombia seizes assets of firm behind disastrous dam project
April 22, 2021
Colombia’s Comptroller Generals on Monday ordered to seize an engineering firm whose “visionary” late founder conceived the disastrous Hidroituango hydroelectric dam.
The Comptroller General ordered to seize 13 bank accounts and 12 real estate properties of Integral SA, which designed the Hidroituango dam that nearly collapsed in 2018, months before completion.
Another dynasty in ruins
According to the fiscal watchdog, the government contractors will have to pay $1.7 billion (COP4.2 trillion) for the disastrous project that was initially presented by co-founder Jose Tejada in 1969.
The fiscal measures seek to recover damages allegedly caused by the disastrous work of the company whose co-founder is considered “one of the most prestigious engineers in Colombia” by the Medellin Chamber of Commerce.