Jaime Gilinski: Colombia's ghost banker

[Judi Lynn]

by Adriaan Alsema January 7, 2021

Colombia’s second richest man, Jaime Gilinski, likes to avoid attention as the legitimacy of the country’s “nouveau riche” is questionable.

The banking mogul and his family over the past decades constructed an intricate network of more than 100 banks and trust funds, many of which were carefully hidden from tax authorities in Colombia, the United States and Europe.

Gilinski learned to law low the hard way after the main office of his first bank, the Banco Andino, was reportedly caught moving money to corrupt politicians for the Cali Cartel in 1994.

The creation of Bancolombia with the Antioquia Syndicate business cartel turned into a major legal battle with the Gilinski family who abandoned their share in 2010, stocks went up and the bank became Colombia’s largest.

. . .

Gilinski had branched out to the United States with the Eagle National Bank of Miami, which received a cease and desist order by the Federal reserve in 2005 over the Colombian banker’s alleged “parallel banking” practices.

More:
https://colombiareports.com/jaime-gilinski-colombias-ghost-banker/