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Stock impact report

DEA names Colombian president ‘priority target' as U.S. prosecutors probe ties to drug traffickers [Fortune]

Ecopetrol S.A. American Depositary Shares (EC) 
Company Research Source: Fortune
Drug Enforcement Administration as federal prosecutors in New York probe his alleged ties to drug traffickers, according to people familiar with the matter and records seen by The Associated Press. Recommended Video DEA records show Petro has surfaced in multiple investigations dating to 2022, many based on interviews with confidential informants. The alleged crimes the DEA has investigated include his possible dealings with Mexico's Sinaloa cartel and a scheme to leverage his “total peace” plan to benefit prominent traffickers who contributed to his presidential campaign. The records also suggest the use of law enforcement to smuggle cocaine and fentanyl through Colombian ports. The “priority target” label is reserved for suspects DEA deems to have a “significant impact” on the drug trade. It's unclear when the DEA gave Petro that designation. Petro denied all ties to drug traffickers and maintained he never accepted their funds during his campaign. Writing on X Friday, he ar Show less Read more
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