Colombia’s Attorney General’s Office announced Monday it will pursue corruption charges against Ricardo Roa, president of state-owned oil giant Ecopetrol, alleging misconduct during his tenure as financial manager for President Gustavo Petro’s 2022 presidential campaign.
Prosecutors assert they possess substantial evidence demonstrating Roa facilitated illegal campaign financing practices, including exceeding statutory spending limits. The charges extend beyond campaign finance violations to include influence peddling related to Roa’s current position at Ecopetrol.
According to investigative findings, Roa allegedly directed lucrative Ecopetrol contracts to a company whose owner provided him with a luxury Bogota apartment at significantly below market value. The oil executive has vehemently denied all allegations, maintaining his innocence regarding both the campaign finance accusations and contract steering claims.
The case emerges against a backdrop of ongoing electoral scrutiny. Last November, Colombia’s National Electoral Council imposed financial penalties on Roa and two other campaign administrators for purported campaign finance violations, including accepting funds from illicit sources.
The investigation has drawn in multiple figures close to the president. Notably, Nicolas Petro, the president’s son currently under investigation for money laundering, previously testified that drug trafficking proceeds were funneled into his father’s campaign. Additionally, a government contractor with paramilitary connections allegedly made substantial donations to the campaign.
President Petro has characterized the allegations as politically motivated attempts to destabilize his administration. The developments unfold as Colombia prepares for congressional and presidential elections, with Petro advocating for electoral support for candidates backing his constitutional reform agenda and economic policies.