IBOV 176,111.45 ▼ 0.91% IPSA 11,309.36 ▲ 1.36% IPC MEX 66,537.33 ▼ 0.47% MERVAL 3,143,811 ▼ 0.40% COLCAP 2,358.74 ▲ 0.59% BVL PERÚ 58,781.02 ▲ 0.81% USD/BRL5.10▼ 0.42% USD/MXN17.20▼ 0.14% USD/CLP914.30▲ 0.08% USD/COP3,146▼ 1.90% USD/PEN3.38▼ 0.30% USD/ARS1,500▲ 0.22% USD/UYU40.24▲ 1.20% USD/PYG5,919▲ 1.22% USD/BOB11.81▼ 1.32% USD/DOP58.23▼ 0.12% USD/CRC449.80▲ 1.96% USD/GTQ7.62▲ 2.31% USD/HNL26.78▲ 0.64% USD/NIO36.62▲ 0.75% USD/VES754.01▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▲ 0.31% USD/TTD6.68▲ 0.31% EUR/BRL5.88▼ 0.86% BRENT 82.54 ▲ 3.89% WTI 77.42 ▲ 2.92% IRON ORE 161.91 — — COPPER 6.73 ▲ 0.37% GOLD 4,303 ▲ 1.34% SILVER 61.76 ▼ 0.55% SOY 1,178 ▲ 2.26% CORN 461.25 ▲ 5.61% WHEAT 630.50 ▼ 1.83% COFFEE 324.25 ▼ 0.81% SUGAR 15.58 ▲ 2.84% ORANGE JUICE 152.55 ▼ 3.27% COTTON 83.29 ▲ 1.77% COCOA 5,723 ▼ 2.70% BEEF 225.20 ▼ 3.83% CATTLE 341.75 ▼ 3.28% LITHIUM 72.47 ▼ 0.25% PETR4 42.22 ▲ 0.69% VALE3 75.54 ▼ 1.46% ITUB4 42.17 ▼ 0.50% BBDC4 17.77 ▼ 1.55% ABEV3 15.68 ▼ 1.01% BBAS3 20.45 ▼ 2.85% B3SA3 15.38 ▼ 1.09% WEGE3 48.54 ▼ 0.53% PRIO3 58.82 ▼ 0.64% SUZB3 42.11 ▼ 1.70% RENT3 38.25 ▼ 2.42% AZZA3 16.12 ▲ 1.00% CSAN3 3.82 ▼ 2.30% RAIZ4 0.26 — 0.00% PCAR3 2.88 ▼ 2.04% GMAT3 3.84 ▼ 1.29% PSSA3 52.53 ▼ 1.78% CVCB3 1.57 ▲ 1.29% POSI3 3.48 ▲ 0.58% SLCE3 13.34 ▼ 1.26% NATU3 8.20 ▼ 1.20% BRKM5 6.06 ▲ 3.24% RANI3 8.35 ▼ 0.48% CSNA3 4.81 ▼ 1.64% CMIN3 5.79 ▼ 1.86% USIM5 7.26 ▼ 2.68% GGBR4 25.88 ▼ 1.63% ENEV3 26.64 ▼ 1.26% CPFE3 45.69 ▼ 0.87% CMIG4 11.18 ▼ 0.62% EQTL3 38.38 ▼ 2.04% LREN3 13.52 ▼ 1.10% VIVT3 31.21 — 0.00% RAIL3 13.68 ▼ 2.22% KLABIN 18.14 ▼ 2.68% RAIA DROGASIL 20.17 ▼ 1.85% RDOR3 33.96 ▼ 1.42% HAPV3 11.10 ▼ 0.09% FLRY3 17.20 ▼ 0.92% SMTO3 14.74 ▲ 3.08% UGPA3 32.79 ▲ 1.17% VBBR3 35.02 ▼ 0.20% BBSE3 41.19 ▼ 1.15% BPAC11 56.56 ▼ 0.44% CURY3 31.71 ▼ 1.00% AERI3 2.27 ▼ 1.30% VIVARA 21.80 ▼ 2.20% COMPASS 23.38 ▼ 3.47% VAMOS 3.14 ▼ 5.42% SANB11 29.51 ▲ 0.10% ASAI3 8.67 ▼ 1.81% SBSP3 27.39 ▼ 1.15% WALMEX 49.20 ▲ 1.38% GMEXICO 220.76 ▼ 0.73% FEMSA 209.95 ▼ 2.07% CEMEX 19.54 ▼ 2.10% GFNORTE 198.82 ▼ 0.06% BIMBO 60.86 ▼ 0.49% TELEVISA 9.73 ▲ 2.21% AMX 20.61 ▼ 0.87% GAP 382.16 ▲ 2.07% ASUR 278.61 ▲ 2.08% OMA 238.22 ▲ 0.90% KOF 187.96 ▲ 0.40% GRUMA 254.08 ▼ 1.16% KIMBER 40.25 ▲ 0.22% SQM-B 66,394 ▲ 3.82% COPEC 6,286 ▼ 0.03% BSANTANDER 81.65 ▲ 1.81% FALABELLA 6,425 ▲ 1.25% ENELAM 87.64 ▲ 0.68% CENCOSUD 2,060 ▲ 1.97% CMPC 1,034 ▲ 0.40% BANCO CHILE 192.91 ▲ 1.41% LATAM AIR 26.33 ▼ 0.19% YPF 7,880 ▲ 2.54% GGAL 7,490 ▼ 1.96% PAMPA 5,270 ▼ 0.75% TXAR 682.00 ▲ 0.15% ALUAR 936.00 ▼ 0.43% TGS 9,285 ▲ 0.43% CEPU 2,229 ▼ 1.50% MIRGOR 1,615 ▼ 0.31% COME 41.15 ▼ 0.72% LOMA NEGRA 3,475 ▼ 0.64% BYMA 286.75 ▼ 0.61% TELECOM ARG 4,380 ▲ 1.04% ECOPETROL 17.31 ▲ 5.61% BANCOLOMBIA 90.86 ▲ 0.79% GRUPO AVAL 5.18 ▼ 2.36% CREDICORP 394.34 ▼ 0.14% SOUTHERN COPPER 194.39 ▼ 1.32% BUENAVENTURA 32.56 ▼ 1.33% MERCADOLIBRE 1,812 ▼ 5.74% NUBANK 14.18 ▼ 2.11% XP 16.87 ▼ 0.67% PAGSEGURO 9.29 ▼ 1.17% STONE 11.14 ▼ 0.31% GLOBANT 36.87 ▼ 3.93% TECNOGLASS 45.62 ▼ 4.46% GAP AIRPORT 222.27 ▲ 2.18% ASUR 278.61 ▲ 2.08% OMA AIRPORT 111.16 ▲ 1.41% AMX ADR 23.95 ▼ 0.31% FEMSA ADR 122.08 ▼ 1.85% CEMEX ADR 11.32 ▼ 1.99% PETROBRAS ADR 18.55 ▲ 1.04% VALE ADR 14.77 ▼ 1.14% ITAU ADR 8.25 ▲ 0.43% SANTANDER BR 5.83 ▲ 0.69% AMBEV ADR 3.03 ▼ 0.17% CSN 0.96 ▼ 2.40% GERDAU 5.10 ▼ 0.78% LATAM ADR 57.58 ▼ 0.22% BTC 64,389 ▼ 0.32% ETH 1,907 ▲ 0.04% SOL 72.76 ▼ 1.62% XRP 1.03 ▼ 2.55% BNB 590.83 ▼ 0.40% ADA 0.20 ▲ 6.73% DOGE 0.07 ▼ 1.76% AVAX 6.45 ▼ 3.04% LINK 8.24 ▲ 1.16% DOT 0.82 ▼ 2.27% LTC 45.43 ▲ 0.34% BCH 213.59 ▼ 0.34% TRX 0.33 ▼ 0.03% XLM 0.16 ▼ 2.03% HBAR 0.07 ▼ 0.77% NEAR 1.66 ▼ 2.08% ATOM 1.36 ▲ 0.75% AAVE 89.04 ▼ 0.79% SELIC 14.00% EMBRAER 91.51 ▼ 1.61% EMBRAER ADR 71.67 ▼ 1.53% JBS 13.67 ▼ 0.22% JBS BDR 69.63 ▼ 1.29% MBRF3 16.57 ▼ 1.19% MBRFY 3.20 ▲ 2.56% INTER 5.77 ▲ 0.96% IBOV 176,111.45 ▼ 0.91% IPSA 11,309.36 ▲ 1.36% IPC MEX 66,537.33 ▼ 0.47% MERVAL 3,143,811 ▼ 0.40% COLCAP 2,358.74 ▲ 0.59% BVL PERÚ 58,781.02 ▲ 0.81% USD/BRL 5.10 ▼ 0.42% USD/MXN 17.20 ▼ 0.14% USD/CLP 914.30 ▲ 0.08% USD/COP 3,146 ▼ 1.90% USD/PEN 3.38 ▼ 0.30% USD/ARS 1,500 ▲ 0.22% USD/UYU 40.24 ▲ 1.20% USD/PYG 5,919 ▲ 1.22% USD/BOB 11.81 ▼ 1.32% USD/DOP 58.23 ▼ 0.12% USD/CRC 449.80 ▲ 1.96% USD/GTQ 7.62 ▲ 2.31% USD/HNL 26.78 ▲ 0.64% USD/NIO 36.62 ▲ 0.75% USD/VES 754.01 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▲ 0.31% USD/TTD 6.68 ▲ 0.31% EUR/BRL 5.88 ▼ 0.86% BRENT 82.54 ▲ 3.89% WTI 77.42 ▲ 2.92% IRON ORE 161.91 — — COPPER 6.73 ▲ 0.37% GOLD 4,303 ▲ 1.34% SILVER 61.76 ▼ 0.55% SOY 1,178 ▲ 2.26% CORN 461.25 ▲ 5.61% WHEAT 630.50 ▼ 1.83% COFFEE 324.25 ▼ 0.81% SUGAR 15.58 ▲ 2.84% ORANGE JUICE 152.55 ▼ 3.27% COTTON 83.29 ▲ 1.77% COCOA 5,723 ▼ 2.70% BEEF 225.20 ▼ 3.83% CATTLE 341.75 ▼ 3.28% LITHIUM 72.47 ▼ 0.25% PETR4 42.22 ▲ 0.69% VALE3 75.54 ▼ 1.46% ITUB4 42.17 ▼ 0.50% BBDC4 17.77 ▼ 1.55% ABEV3 15.68 ▼ 1.01% BBAS3 20.45 ▼ 2.85% B3SA3 15.38 ▼ 1.09% WEGE3 48.54 ▼ 0.53% PRIO3 58.82 ▼ 0.64% SUZB3 42.11 ▼ 1.70% RENT3 38.25 ▼ 2.42% AZZA3 16.12 ▲ 1.00% CSAN3 3.82 ▼ 2.30% RAIZ4 0.26 — 0.00% PCAR3 2.88 ▼ 2.04% GMAT3 3.84 ▼ 1.29% PSSA3 52.53 ▼ 1.78% CVCB3 1.57 ▲ 1.29% POSI3 3.48 ▲ 0.58% SLCE3 13.34 ▼ 1.26% NATU3 8.20 ▼ 1.20% BRKM5 6.06 ▲ 3.24% RANI3 8.35 ▼ 0.48% CSNA3 4.81 ▼ 1.64% CMIN3 5.79 ▼ 1.86% USIM5 7.26 ▼ 2.68% GGBR4 25.88 ▼ 1.63% ENEV3 26.64 ▼ 1.26% CPFE3 45.69 ▼ 0.87% CMIG4 11.18 ▼ 0.62% EQTL3 38.38 ▼ 2.04% LREN3 13.52 ▼ 1.10% VIVT3 31.21 — 0.00% RAIL3 13.68 ▼ 2.22% KLABIN 18.14 ▼ 2.68% RAIA DROGASIL 20.17 ▼ 1.85% RDOR3 33.96 ▼ 1.42% HAPV3 11.10 ▼ 0.09% FLRY3 17.20 ▼ 0.92% SMTO3 14.74 ▲ 3.08% UGPA3 32.79 ▲ 1.17% VBBR3 35.02 ▼ 0.20% BBSE3 41.19 ▼ 1.15% BPAC11 56.56 ▼ 0.44% CURY3 31.71 ▼ 1.00% AERI3 2.27 ▼ 1.30% VIVARA 21.80 ▼ 2.20% COMPASS 23.38 ▼ 3.47% VAMOS 3.14 ▼ 5.42% SANB11 29.51 ▲ 0.10% ASAI3 8.67 ▼ 1.81% SBSP3 27.39 ▼ 1.15% WALMEX 49.20 ▲ 1.38% GMEXICO 220.76 ▼ 0.73% FEMSA 209.95 ▼ 2.07% CEMEX 19.54 ▼ 2.10% GFNORTE 198.82 ▼ 0.06% BIMBO 60.86 ▼ 0.49% TELEVISA 9.73 ▲ 2.21% AMX 20.61 ▼ 0.87% GAP 382.16 ▲ 2.07% ASUR 278.61 ▲ 2.08% OMA 238.22 ▲ 0.90% KOF 187.96 ▲ 0.40% GRUMA 254.08 ▼ 1.16% KIMBER 40.25 ▲ 0.22% SQM-B 66,394 ▲ 3.82% COPEC 6,286 ▼ 0.03% BSANTANDER 81.65 ▲ 1.81% FALABELLA 6,425 ▲ 1.25% ENELAM 87.64 ▲ 0.68% CENCOSUD 2,060 ▲ 1.97% CMPC 1,034 ▲ 0.40% BANCO CHILE 192.91 ▲ 1.41% LATAM AIR 26.33 ▼ 0.19% YPF 7,880 ▲ 2.54% GGAL 7,490 ▼ 1.96% PAMPA 5,270 ▼ 0.75% TXAR 682.00 ▲ 0.15% ALUAR 936.00 ▼ 0.43% TGS 9,285 ▲ 0.43% CEPU 2,229 ▼ 1.50% MIRGOR 1,615 ▼ 0.31% COME 41.15 ▼ 0.72% LOMA NEGRA 3,475 ▼ 0.64% BYMA 286.75 ▼ 0.61% TELECOM ARG 4,380 ▲ 1.04% ECOPETROL 17.31 ▲ 5.61% BANCOLOMBIA 90.86 ▲ 0.79% GRUPO AVAL 5.18 ▼ 2.36% CREDICORP 394.34 ▼ 0.14% SOUTHERN COPPER 194.39 ▼ 1.32% BUENAVENTURA 32.56 ▼ 1.33% MERCADOLIBRE 1,812 ▼ 5.74% NUBANK 14.18 ▼ 2.11% XP 16.87 ▼ 0.67% PAGSEGURO 9.29 ▼ 1.17% STONE 11.14 ▼ 0.31% GLOBANT 36.87 ▼ 3.93% TECNOGLASS 45.62 ▼ 4.46% GAP AIRPORT 222.27 ▲ 2.18% ASUR 278.61 ▲ 2.08% OMA AIRPORT 111.16 ▲ 1.41% AMX ADR 23.95 ▼ 0.31% FEMSA ADR 122.08 ▼ 1.85% CEMEX ADR 11.32 ▼ 1.99% PETROBRAS ADR 18.55 ▲ 1.04% VALE ADR 14.77 ▼ 1.14% ITAU ADR 8.25 ▲ 0.43% SANTANDER BR 5.83 ▲ 0.69% AMBEV ADR 3.03 ▼ 0.17% CSN 0.96 ▼ 2.40% GERDAU 5.10 ▼ 0.78% LATAM ADR 57.58 ▼ 0.22% BTC 64,389 ▼ 0.32% ETH 1,907 ▲ 0.04% SOL 72.76 ▼ 1.62% XRP 1.03 ▼ 2.55% BNB 590.83 ▼ 0.40% ADA 0.20 ▲ 6.73% DOGE 0.07 ▼ 1.76% AVAX 6.45 ▼ 3.04% LINK 8.24 ▲ 1.16% DOT 0.82 ▼ 2.27% LTC 45.43 ▲ 0.34% BCH 213.59 ▼ 0.34% TRX 0.33 ▼ 0.03% XLM 0.16 ▼ 2.03% HBAR 0.07 ▼ 0.77% NEAR 1.66 ▼ 2.08% ATOM 1.36 ▲ 0.75% AAVE 89.04 ▼ 0.79% SELIC 14.00% EMBRAER 91.51 ▼ 1.61% EMBRAER ADR 71.67 ▼ 1.53% JBS 13.67 ▼ 0.22% JBS BDR 69.63 ▼ 1.29% MBRF3 16.57 ▼ 1.19% MBRFY 3.20 ▲ 2.56% INTER 5.77 ▲ 0.96%
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Thursday, August 6, 2026

Gustavo Petro: links with drug traffickers and inefficiency in management

By · May 2, 2023 · 3 min read

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By Sabrina Martín

The President of Colombia, Gustavo Petro, begins his first official visit to Spain this Wednesday, where he will position his ideological agenda.

Petro recently traveled to the United States, meeting with Joe Biden and some congress members.

Now he travels to the European continent to boost his image as a regional leader of the left and where he can advance lobbying actions in favor of Nicolás Maduro‘s regime and against sanctions.

Colombian President Gustavo Petro (Photo internet reproduction)
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Petro will hold a bilateral meeting with the President of the Spanish Government, Pedro Sánchez, and will address the Congress.

After a decimated Gabriel Boric in Chile, an Alberto Fernández without electoral aspirations in Argentina, an Andrés Manuel López Obrador without popularity in Mexico, and a Nicolás Maduro surrounded internationally, Gustavo Petro is emerging as the leader of Ibero-American socialism and perhaps as a new ally of the Popular Party and the PSOE (Spanish Socialist Workers Party).

FROM TERRORIST TO IMPEACHED MAYOR

Petro became President of Colombia with the populist promise of implementing “profound social changes and a new economic model” for the country.

He is a former guerrilla fighter who has always expressed his intentions of coming to power to the point that he participated in three presidential campaigns.

At the age of 17, Petro joined the M19 terrorist guerrilla.

He called himself “Aureliano” and was imprisoned for over a year.

Between 1970 and 1989, the M19 kidnapped more than 500 people and is attributed with hundreds of crimes, robberies, and murders, and the assault on the Palace of Justice in Bogotá in 1985, one of the most tragic violent episodes in the country’s history.

He was a senator, and in 2011 he became mayor of Bogotá, where he was temporarily removed for a failed garbage collection model with which he tried to attack the management of a private enterprise.

Petro de-privatized garbage collection in the Colombian capital, handing over the waste collection system to the Empresa de Acueducto y Alcantarillado de Bogotá.

The transition process in 2012 led to garbage collection chaos in the city that lasted three days and caused millions in expenses and environmental impact, which was considered a “serious fault” by the then attorney general, Alejandro Ordóñez.

Following his dismissal, Petro went to the Inter-American Court of Human Rights, which ruled in his favor and ordered his reinstatement as mayor of Bogotá.

His legal victory and his return to the mayor’s office allowed him to catapult himself as the main leader of the left in that country.

His administration was so ineffective and deplorable that he ended his term with a 68% disapproval rating.

THE WADS OF CASH SCANDAL

During a November 2018 debate in the Colombian Senate on the Odebrecht scandal, Congresswoman Paloma Valencia presented a video in which then-Senator Petro was seen receiving wads of money and putting them in a bag.

Petro shared on his Twitter account a statement from his lawyer saying that the video was an attempt to “discredit and disqualify his political management” and, although he never explained what it was about, he added that it was taken illegally by a “former colleague.”

He said it was an internal activity to collect resources for the “maintenance and support of the movement”.

FALL OF MINISTERS AND LINKS TO DRUG TRAFFICKING

Not even a year old, Petro has already faced several crises that resulted in the devaluation of the Colombian peso and inflation that skyrocketed to historic figures.

He recently announced the surprising departure of several people who have repeatedly expressed harsh criticism against the President’s health reform, with which he wants to transform the health system.

But this is not the only crisis Petro has had to face in recent weeks.

The Prosecutor General’s Office opened an investigation against Nicolás Petro Burgos, one of the President’s sons, and his brother Juan Fernando Petro, for allegedly using their surnames to collect various commissions from business people and inmates who were promised favors.

He went so far as to promote the legalization of drugs by declaring that he thought it was stupid to keep marijuana underground.

And the former President of Colombia, Andrés Pastrana, referred to Gustavo Petro on several occasions as the “Trojan Horse of drug trafficking”.

With information from LGI

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