Colombia's Attorney General has ordered the house arrest of Jorge Londono, president of the country's biggest bank Bancolombia. He is facing charges of fraud and misuse of funds.Reuters reports that Bancolombia Vice President Federico Guillermo Ochoa, was also being sought by Attorney General Mario Iguaran in the same case.
The charges relate to the merger of Banco de Colombia with Banco Industrial Colombiano in the 1990s that created Bancolombia.
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