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Comptroller General recovers misdirected royalty money from Meta and Casanare

Wednesday, April 24th, 2013 Category: Regulations & Policy

As reported by Portafolio, the Comptroller General recovered US$4.1M from royalties through its audit program. The payment of this money was made by the insurer QBE, guarantor of the royalties in the departments of Meta and Casanare. According to the Comptroller, both departments made “risky fiduciary operations”, in which public money was put into a trust constituted by private individuals and got lost by not returning to the corresponding territorial public funds.

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