Over 70 councilmen properties seized in Colombia’s ‘carousel contracts’ corruption scandal

Over 70 councilmen properties seized in Colombia’s ‘carousel contracts’ corruption scandal
Jun 6, 2014 posted by Tim Hinchliffe

Colombia’s Prosecutor General’s Office ordered the seizure of over 70 properties belonging to four current and two former Bogota council members accused of awarding public contracts to private firms in exchange for kickbacks, national media reported Thursday.

Over 70 real estate properties, including luxurious apartments, were seized in Bogota as part of an investigation into an ongoing ‘carousel’ corruption scandal involving both current and former council members, according to Bogota’s Santa Fe Radio.

Carousel contracts, are corruption cases where the money goes in a circle – in this case, allegedly from the government officials to the private companies and then back to the officials.

The precautionary property seizures against the six council members stem from an investigation into contracts awarded to a private construction conglomerate, the Nule Group, in exchange for a payoff.

More:
http://colombiareports.co/properties-6-bogota-councilmen-seized-colombias-carousel-contraction-corruption-scandal/