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Today, the Office of the Attorney General of Colombia served Avianca with a search warrant of its offices with the objective of collecting information related to allegations and cover-up of Avianca’s potentially improper bribery by senior executives and members of the board of...

Stormy skies are not clearing anytime soon for Avianca, it seems. Avianca Holdings S.A. (NYSE: AVH) (BVC:PFAVH) announced in a new filing with the US Securities and Exchange Commission (SEC) that it may have violated the US Foreign Corrupt Practices Act, or FCPA. Apparently, the...

Some $11 million of these bribes were made in Colombia, where officials have responded by threatening to void tainted project awards.