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Offshore Leaks Database

Data from
Panama Papers - The Power Players
Bogota's mayor (2012-2015); Member of Colombia's Senate (2006-2010)

Gustavo Petro

Associates in the data:

Related to

Colombia

About

Carlos Gutiérrez Robayo is a Colombian business executive related by marriage to the former mayor of Bogota, Gustavo Petro. According to Colombian media, Gutiérrez Robayo has allegedly benefited from business contracts through that relationship. In June 2014, Colombian authorities opened an investigation into contracts awarded for the extension of Bogota's TransMilenio mass transit system, but the investigation resulted in no charges. Gutiérrez Robayo and Petro both have denied any impropriety.

In the data

From 2007 to 2014, Gutiérrez Robayo created a network of 12 offshore companies and three foundations in Panama and the British Virgin Islands handled by his firm Trenaco Colombia. He was the owner of at least 11 of the companies and one foundation. However, he managed the whole network with his wife, who co-owned a company and was the main beneficiary of a foundation; and one of his associates, who was also a co-owner of three firms. The companies' activities took place in Panama, Colombia, United Kingdom and Switzerland in sectors including biotechnology, cattle ranching and real estate. An official investigation into possible influence peddling in the summer of 2014 resulted in no charges against Gutiérrez Robayo, according to the public prosecutor's office. Mossack Fonseca resigned from his companies because he was considered a "politically exposed person." As a result, he hired another Panamanian law firm to keep his offshore network alive. When their firms were with Mossack Fonseca, Gutiérrez Robayo and his wife opened a Swiss bank account between 2010 and 2011.

Response

Gutiérrez said he has committed no offense and has not been investigated in Colombia or anywhere else. He said he has never had business dealing with his brother-in-law. He noted that holding companies in another jurisdiction is not illegal.
This visualization contains relevant information in relation to the profiled individual. Some additional connections might show up once we release the full structured data connected to the Paradise Papers investigation in the coming weeks.

Disclaimer

There are legitimate uses for offshore companies and trusts. The inclusion of a person or entity in the ICIJ Offshore Leaks Database is not intended to suggest or imply that they have engaged in illegal or improper conduct. Many people and entities have the same or similar names. We suggest you confirm the identities of any individuals or entities included in the database based on addresses or other identifiable information. The data comes directly from the leaked files ICIJ has received in connection with various investigations and each dataset encompasses a defined time period specified in the database. Some information may have changed over time. Please contact us if you find an error in the database.

There are legitimate uses for offshore companies and trusts. Read more

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There are legitimate uses for offshore companies and trusts. The inclusion of a person or entity in the ICIJ Offshore Leaks Database is not intended to suggest or imply that they have engaged in illegal or improper conduct. Many people and entities have the same or similar names. We suggest you confirm the identities of any individuals or entities included in the database based on addresses or other identifiable information. The data comes directly from the leaked files ICIJ has received in connection with various investigations and each dataset encompasses a defined time period specified in the database. Some information may have changed over time. Please contact us if you find an error in the database.