The Superintendence of Companies opened an investigation of the companies Ganadera el Paraíso SAS, Subase SAS and Montser 13 Group SAS, for illegally collecting resources from the public, as well as sustres are legally represented by Carlos Alberto Montoya Bustamante, from the first operation and by Lina María Serna Aristizábal, from the last two, who will surely also be immediately suspended from those for which they are not authorized.
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As reported by the market authority, “the Livestock Society, through its legal representatives, they extracted the Livestock Participation Contracts to receive massive resources from the public, justifying supposed profits and profitability for activities with livestock that turned out to be insufficient with respect to the money received”.
Through this illegal practice, said company has captured resources from the public for about 61,000 million pesos until last March, it sprouted more than 2,257 people.
The strategy used by those investigated consisted of signing “participation cattle” contracts, in which it was established that third parties, called “depositors”, They delivered heads of cattle for the former to administer, care for, and dispose of, and, at the end of the business, return them.
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The Supersociedades made it possible for people to investigate well before investing in companies and businesses that offer extraordinary returns.
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According to Supersociedades, the previous measure gave way to the Judicial Intervention Directorate, attached to the Entity’s Intervention and Special Financial Affairs Department through Order 910-010632 of July 18, 2023, to decree the intervention, under the measure of taking possession, of the assets, assets, businesses and patrimony of the aforementioned legal and natural persons, with the purpose of returning the money delivered to the fundraising scheme, in accordance with the provisions of Decree 4334 of 2008.
“We recommend citizens to be cautious against illegal fundraising schemes that warn of business or investment offers providing facilities and high yields or explanation without reasonable financial gain,” said Billy Escobar Pérez, Superintendent of Companies, who also said that andexpect the general public to consult, inform themselves and be careful before making any type of investment, which promises high or unreasonable returns.
