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Colombian firm to pay $80m to resolve foreign bribery investigations

An aerial view of roads in Colombia
Photo: Getty Images

Martina Lindberg

2 min read
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Corficolombiana paid more than $28m in bribes to high-ranking government officials to win a massive infrastructure project.

Corporación Financiera Colombiana S.A. (Corficolombiana), a bank and lending subsidiary of the Colombian financial services institution Colombian conglomerate Grupo Aval Acciones y Valores S.A. (Grupo Aval), has agreed to pay over $80m for violating the Foreign Corrupt Practices Act (FCPA) and to resolve parallel bribery investigations over bribing high-ranking government

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