XM does not provide services to residents of the United States of America.

Colombia finance minister says he's committed to corruption probe



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>UPDATE 2-Colombia finance minister says he's committed to corruption probe</title></head><body>

Adds detail on corruption scandal in paragraphs 7-10

BOGOTA, July 19 (Reuters) -Colombian finance minister Ricardo Bonilla on Friday said he was committed to a rapid investigation into corruption allegations against him, amid graft accusations involving several officials in President Gustavo Petro's government.

Bonilla was linked to a scandal concerning Colombia's UNGRD disaster agency, which was allegedly instructed to bribe members of Congress to support government reforms.

"My legal team is working tirelessly to clarify all the aspects which may be required," Bonilla said in a post on X.

He was responding to a post by a local journalist, which said the minister's defense team would hand over initial evidence to the attorney general's office next week.

Bonilla protested his innocence earlier this week, saying in a post on X he would "face any examination of my official actions with respect for justice."

In May, Colombia's supremecourt called on then Interior Minister Luis Fernando Velasco to testify in a case involving the UNGRD's former director Olmedo Lopez and former deputy director Sneyder Pinilla, who were allegedly involved in corrupt purchases of water tankers.

Both Lopez and Pinilla are giving evidence in exchange for immunity and protection.

The scandal has also enveloped Ivan Name, former senate president, and Andres Calle, former president of the house of representatives, who are accused of receiving money to aid approval of government reforms. Both men deny the accusations.

The accusations threaten progress for some of Petro's social and economic reforms in Congress, where he continues to lose support.

Petro, Colombia's first left-wing president, denies involvement in the scandal.




Reporting by Luis Jaime Acosta and Oliver Griffin; Editing by Tom Hogue, Aida Pelaez-Fernandez and Sam Holmes

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.