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Colombia fails to sell seized assets meant for victim reparation: report
by Adriaan Alsema June 17, 2019
Colombia’s authorities have only been able to sell two real estate properties seized from former paramilitary warlord over the past eight years, according to newspaper El Tiempo.
The 1,330 seized assets were initially estimated to contribute $111 million to the victim reparation fund, but the failure to timely find buyers is reportedly making them a financial burden.
The sale of the two properties added $480,000 to the fund, but this is dwarfed by the $3.3 billion the state has spent in the reparation and maintenance of the assets.
The problems revealed by El Tiempo add to the cost of corruption and mismanagement; $137 million in profits made from illegal mining was reportedly never confiscated for paramilitary bosses and the former director of the government agency in charge of the seized distributed assets of a value of $13 million among befriended politicians.
More:
https://colombiareports.com/colombia-fails-to-sell-seized-assets-meant-for-victim-reparation-report/
