Properties worth close to the 7 billion pesos owned by Nule cousins and their family were seized by Prosecutors of the National Unit of Money Laundering and Assets Forfeiture (Extincion de Dominio), with the support of the Colombian Technical Investigative team (CTI).
It is about two apartments in the Rosales area to the North-East of Bogota, four farms in Tolu and Tolu Viejo – Sucre. In addition, an apartment and a parking lot in Cartagena, 155 million dollars in several bank accounts and a block of shares worth 1.262 million pesos.
The assets forfeiture proceedings (Extincion de Dominio) began based on the Act 793 of 2002 which allows the Office of The Attorney General of Colombia initiate this type of proceedings when suspects are convicted for conducts committed to the detriment of the public Treasury and they are related to embezzlement.
In this case the Bogota Superior Court upheld the guilty judgment in first instance against Miguel Nule Velilla, Velilla, Manuel Nule, Guido Nule Marino and Mauricio Galofre Amín, for aggravated embezzlement due to the amount.
Based on this judgment the Money Laundering Unit began the assets forfeiture proceedings (Extincion de Dominio) against Nule cousin’s properties, in order to recover, in favor of the State, monies that were lost during the contracting process with the District. Therefore, they were sentenced to seven years and a half in prison.