Monday, 25 May 2020

Colombia prosecutors seek to squeeze FARC’s ‘criminal economy’

Colombia Reports

farc_outfit

Colombia’s public prosecution has begun investigations that seek to find and seize the money and properties belonging to the FARC rebel group.

The group is currently negotiating peace with the government after more than 50 years of armed conflict that’s been fueled by illegal activities like drug trafficking, extortion and illegal mining.

The FARC leadership has said that it does not have the money to finance the compensation of the more than 7 million victims generated by the hemisphere’s longest-running armed conflict.

FARC leader insists guerrillas have no money for victim compensation

- paying the bills -

However, this claim has been disputed, also by independent researchers who have said the FARC is likely making more than a $100 million annual profit from its illegal activities.

How much money does the FARC have?

Because the FARC has yet to open its books, there is no saying where that money is or who is holding onto it.

And this is exactly what the Prosecutor General’s Office wants to find out ahead of the formation of a transitional justice tribunal that will try alleged war criminals.

In order to get an idea of where the money is and who has it, Prosecutor General Eduardo Montealegre ordered to form a “special task force for the comprehensive criminal investigation of the economic-financial logic of the finances” of the country’s largest and oldest guerrilla group.

The task force initially seeks to establish “patterns, regions and the relationship with the [guerrilla] policies” ordered by the supreme command of the rebels.

- paying the bills -

This way, the prosecution hopes not only to financially squeeze the FARC, but to prevent guerrillas who refuse to demobilize from obtaining “the existing illegal markets, routes, partners and transnational cooperators” that currently fund the rebel group.

The investigation of FARC crimes and criminal activity is carried out under the responsibility of assistant Prosecutor General Jorge Perdomo.

The post Colombia prosecutors seek to squeeze FARC’s ‘criminal economy’ appeared first on .

Colombia Reports

Related Articles

COVID-19 (Coronavirus) Survival Calculator

New Survival Rate Calculator to help you better understand the risks...

Where is COVID-19 Spreading?

A new, fast-moving and deadly coronavirus first detected in Central China's...

MOST READ

Colombia Tightens COVID-19 Restrictions at Border with Brazil

Colombia launched new measures Thursday night aimed at stopping a rise in coronavirus infections near the border with Brazil. President Iván Duque said residents in...

Where is COVID-19 Spreading?

A new, fast-moving and deadly coronavirus first detected in Central China's Hubei province, has sickened hundreds of thousands of people worldwide.

How deadly could COVID-19 be?

It’s too early to know how deadly the disease will be, but estimates suggest that between 0.5% to 3.4% of the people who contract...

COVID-19 (Coronavirus) Survival Calculator

New Survival Rate Calculator to help you better understand the risks of existing and pre-existing conditions. This calculator estimates your risk of infection and mortality...

Let's Keep This Going!

To be updated with all the latest news and information about Colombia and Latin America.

Colombia Reports

Add to Collection

No Collections

Here you'll find all collections you've created before.