Gold Trafficking - Colombia

    In 2014 the exporting Colombian company “Goldex” illicitly sent more than 310 tons of gold to Republic “Metals Corporation” (United States) and “Metalor Technologies” (Switzerland), both companies associated to the “London Bullion Market Association”. During the same year, John Hernández Silva, owner of the company, was captured for laundering COP $2,3 billion. John Hernandez was also detained for allegedly funding armed groups due to the discovered ties between Goldex and Jairo Rendon, aka “German Monsalve”, the brother of the famous drug trafficker, Daniel Rendon, the head of “Los Urabeños” criminal band. A real physical structure of “Goldex”, as a Company, never existed; instead, false suppliers were used and front companies were created with names of dead people.