Pablo Francisco Albir Sotomayor, former chairman of the pension and severance funds management company, “Porvenir S.A.”, was sentenced in the 22° Municipal Criminal Court in Bogota – acting as Presiding Court – to 10 years in prison for forgery of documents and aggravated theft due to the amount and confidence.
In accordance with the Unit against Financial Offenses and Public Trust of the Office of the Attorney General of Colombia, the former executive, who worked between 1991 and July 15, 2008, ordered his subordinates to transfer weekly between 5 to12 million pesos, in some cases, on behalf of messengers and sent to the president’s office of the company.
“The transfer of 1800 million pesos was achieved through more than 1900 financial operations”, reported the experts called by the Prosecutor’s Office in this proceeding. Also, among the expenses, it was determined the buy of vehicles, charter flights, accommodation, groceries shopping, credit cards, laundry services and payment of schools fees.
According to the conviction, the expenses were not permitted by the Board of Directors of the company.