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Downstream share in the US fell by 27% while Bancolombia gained 2%
The death of a key witness in a corruption investigation in Colombia and the cyanide poisoning of his son three days later left a mark of one billion US dollars on one. great banking fortunes of the world.
Luis Carlos Sarmiento Angulo, founder of the largest Colombian banking group, has seen the value of his empire diminish as research on the Brazilian construction giant Odebrecht SA obscure its former partners, including Grupo Aval Acciones y Valores.
Grupo Aval shares fell 27% in dollars this year, the worst performance among the 20 largest banks in Latin America.
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