El informe secreto de Control Risks sobre la presidencia de Ecopetrol

0:00 At the WU. Colonel' s report has the findings of the assessment against Risk Control. Companies hire corporate intelligence experts to know what impact a decision, an appointment, a conduct, a complaint can have, what impact it can have on the company and, most importantly, on its stock market value, Daniel, what RIZK control brings in the July Colonel Good Days report. This is today' s Colonel report. This last Friday, tomorrow will be the Shareholders' Assembly of Copetrol and from now it is previewed that it will be to rent balcony. President Petro is pushing for the change of the Board of Directors, in which five of the nine members will be replaced by people close to the Government. The plate, that is, the proposed list of directors to be published on March 1st only appeared this week on Copetrol' s official page, thereby violating the shareholders' right of inspection. Moreover, seven members of the outgoing board of directors questioned the professional competence of the new directors to be part of the largest company in Colombia. That would be enough. But

1:30 what causes the most concern within COPETL is the conclusion of a report on the company' s risks. The existence of that report had even been denied a few days ago by members of the administration. The truth is, it does exist. It is highly confidential and has been kept secret so far. It was prepared by the British multinational consultant against the RESC expert in corporate institutional intelligence and risk management. The company, one of the most prestigious in the world in its field, did an investigation and evaluation of the risk of coperroll due to the circumstances that have surrounded the president of the company, Ricardo Roa, and that have to do with it. First, with the purchase of an apartment by him at the price of Ganga, Mr Serafino and aconus entrepreneur with interest in the hydrocarbon sector. Second, with the investigation of Dr Roa for alleged and regularity in the financing of the election campaign of President Gustavo Petro that includes contributions from two unions, the Colombian Federation educator Es FECODE and the Trade Union of Copetrol, the Union trade union Obrera Uso and, third, the short but existing contracts of public entities granted to the permanent partner of the President of Copetrol, Mr Julián Caicedo. These and some other issues would be discussed in the Audit and Risk Committee of the Board of Directors of Copetrol, which

3:06 decided to hire multinational Control Rick to assess whether these situations involving Dr Roa may affect the future of the company, its international presentation and the value of its stock listed on the New York Stock Exchange. The report has been handled with total hermetism. However, in fulfilment of the journalistic duty, the report has spoken to three people who have had access to the document. They say the paper confirms that situations involving Dr Reo constitute a considerable risk to the company. For this reason, it proposes several scenarios that, according to one of the sources, include the evaluation of a possible temporary or definitive withdrawal of the president of Copetrol, possessed less than a year ago, and also calls for transparency in the management of the country' s main company. All this comes afloat forty- eight hours before the Assembly of Shareholders, where the holders of Copetle ' s titles will have the right to demonstrate. The company belongs mostly to the nation, that is, to Colombian taxpayers, in a percentage greater than eighty- five percent, but also in smaller proportions to private pension funds and individuals ranging from very well- off people to ordinary Colombians who have bought one

4:41 or a few shares in the hope that it will be valued. One of those very small but well- informed shareholders is former Senator Jorge Enrique Robledo, who for decades was one of the most prominent legislators in political control and now wants to use that experience to ask uncomfortable questions in the Assembly, about everything that has been happening in ecopeton. Dr Jorge Enrique Robledo, good morning, very good morning, very good morning, Daniel, and the Board of Directors also forgive me this work too. Greetings. I understand that you are already preparing to ask the Board of Directors, Dr Robledo, first of all to resolve a curiosity to me. You were already a shareholder of Copetrol from before or bought shares now to be able to speak in this Assembly, which paints you as the most complicated in the Company' s history to remember this.

5:39 I spent twenty years on the Commission that the Senate, which is that of Oil and Environmental Affairs, etcetera, enters. So this is an issue that I am passionate about and with all the horrors that are happening in this government, which includes having a President of the Republic who hates oil Di el Gásquez wants phobia the only President of the world who is in that attitude. For the conclusion that I had to buy a few shares in order to go to the Assembly and to be able to make requests as a shareholder, because the requests that one makes to the top copetrola the Presidency coped as a citizen, they answer them badly or they do not answer them. So what I am doing not later, of course, a business, but to continue to do here with the duty that has imposed upon me many years ago to act with the logic of a public servant. So I bought a few shares and we ' re forming a group of Copethol shareholders that we' re going to become a watchdog before what happens in that company, in addition to what Congress can do. For example, I know that there was a right of petition in February asking for information from a Senator of the Republic and they have not answered it. That' s not the way it can be. So, let ' s go get that company' s information. The truth is that it is difficult for those subsidiaries to provide him with a right of petition. I ' ve been broadcasting for a year and I' ve been given back and I' ve earned your fabrics and then I' ve lost them in second istaria and anyway, it' s not possible for them to answer me a right of petition about Copetrol' s business. But, well, that' s another topic. What do you know about the enigmatic report by Control Riffs

7:12 on the risks Ecopetrol faces in situations involving its President? Yeah, that' s a report because I understand no, no, it' s not published. I don' t know him. I have to say it very clearly. The editorial of the time a few days ago already mentioned it. But there are things that go knowing and it goes knowing from the start. That ' s what you point out, that you point Daniel out no, and that' s that there' s such a critical one. The report on Dr Roa' s exploits which he proposes as a need for the company to look carefully, a temporary or total withdrawal from the President of Copetrol. That is already a fact, because of English aggravations. It is a report of more than a hundred pages, which goes into a lot of detail. But finally, what I think would have to be done is a campaign right now to be published and I say it as a Colombian and as a shareholder, Copetón' s demand to publish on that sensor, to be handed over to the media, to be handed over to all Colombians so that we can go into detail. But how will things be so serious you mention, that you draw conclusions as you are now. But it' s not surprising to me Daniel, because he looks at the single errors of cavalry, with the corruption of Dr Roa when he was president of the Bogotá energy company, in a crooked and massive company in Guatemala, of a subsidiary company in which he acted as alcahueta. When this matter became known, that only enabled him to be

8:46 Copetrol' s President, because that is not a resume. Look at the entanglements in which Petro' s presidential campaign is still in. There may be some very serious things in this regard about the financing of that campaign. Well from the outset, it seems that the reports of the contributions of Mr and Clides Torres to the campaign, which Gustavo Petro' s own son says are true, do not appear. That' s not appearing in the campaign figures. And so Dr Torres already has contracts with alternative energy business for$ 180 billion. Well, what' s going on with the board of directors and what they want to do is they want to impose a board of directors in which several of their members have no merit to become members of that board, beyond saying that they are recommended from but and that they are friends of Peto.

9:35 And in that, with the pimps or the support of the Minister of Finance himself, then they' re handling the competition I said it in some detail as if it were a shop owned by Dr. Gustavo Petro, of the Minister of Finance, yes, of the doctor' s doctor to how about the exploits, when seraphim yacono have two members of the board of directors, the only ones that are supporting the doctor at this moment. The current members of the board of directors are two who, in addition, are shareholders of a company of seraphim yacono of the oil world. It can' t be that this is a respect, a respect that is being given to Colombians with these behaviors. So I' m surprised, and I' m convinced from here that this report, that firmoconsol riche, has to tell a lot of stories, because they have to be very serious, because if I, that I am not a researcher, if I am not a researcher, I know about these things, imagine what those who have access to more information will know. But, in addition to the relays in the board of directors, next Friday' s Assembly proposes amendments to the statutes of co- petroleum.

10:50 You have concerns about these statutory changes. Yes, that may be the most serious thing of all is that let' s remember that Dr Petro has a phobia that he' s trolling and gas. It is, I repeat, the only president of the oil country in the world who practically strangled the new explorations to find oil and gas, which means that we are going to run out of oil and gas. I give listeners a fact that is very simple to understand the importance of gas. In the last of the oil forgiveness. Over the past three years, Colombia' s oil exports have added forty- six million dollars. If the economy of copetrol and oil collapses in Colombia, as can happen because of the irresponsible attitude of President Gustavo Petro and of Supplies and the President of the Copetor. There can be an economic catastrophe and what happens in the statutes. It includes at one point forgiveness in the Assembly, they include a point to modify the statutes by putting copetrol into a whole kind of alternative energy business. And I don' t get that there' s generally alternative energy and there' s climate change. Some things need to be taken care of, but a very large part of those businesses are very high - risk businesses, such as meth and oil in hydrogen business, which is an absolutely new technology. It' s a very complicated thing. The competitioner has no resources, then what happens if the copetor gets it in that crazy

12:24 way, as Petro wants in the business of alternative energies and that they are cagoeteing steals it, because what they can end up breaking the company at least leading it to an immense crisis, besides that they are turning it into a center of politics and assistance and clientelism. So what we' re going to raise in the Board of Directors is two things, because it' s one thing that is delayed in decisions at least until we get serious studies, because they also lead us to vote like blind hooks. There is no serious report on the new members of the Board of Directors to justify because they have to be there. It' s just there. I' m sure there are candidates who can' t read or balance people who have zero experience in economic and oil matters. It can' t be me I understand Petro putting friends with him, supporters of him, but he has to put them among those who know, that is, the doctor. Petro cannot continue to turn ignorance into a virtue, which is one of the things they have us doing, because it is with the silver of the Colombians who are playing. That is a particularly serious fact which then tells us to postpone that change of board of directors as there is no condition. Well, it' s being handled in the illegality, let' s say, or the irregularity. But good that if you postpone that decision, while this is discussed with tranquility and particularly that the decision of the Board, of the change of statutes of the Board, is postponed, so that we do not get involved in the economic adventures.

13:50 And I think that, as things go, we need to discuss the resignation of the Copetro President. I believe that this has to be a debate that must be placed on the agenda so that we can have an opinion on whether Dr Roa should submit his resignation, because these things that are being heard are entitled to be raised by the actions taken. Then there is going to be an Assembly where we are going to talk with everything, with everything, with all frankness, as it has to be. The fact that the national government has ninety percent of the shares does not give it the right to run over two hundred and sixty thousand shareholders who have private shares there, nor to run over twelve million Colombians who have their savings in private pension funds that are Copetro shareholders. A. That is what we are going to give the House.

14:33 In the last few hours, colleague Jorge Espinosa de Caracol revealed that Néstor Camilo Martínez, the son of Néestor Huberto Martínez, is advising Copetro' s president, Ricardo Roa on the replacement of the board of directors. Few people have taken as badly as President Gustavo Petro and destr Humberto Martínez. You explain how the president of Copetrole, so close to Petro, has as his advisor the son of Estor, Humberto, Dr Roble. So I had a relative who said that there were people who were able to do anything, anything, and I' m coming to the conclusion that among those is Dr Gustavo Pecho, because it' s that Copetrol ends up hiring Néstor Camilo Martínez, that is, Nestor Humberto Martínez' s son, and I' m convinced that it ' s Nestor Humberto' s firm that he' s representing. Yes, because what he has right now is from lh Piper Martínez Beltrán, and that firm was created by Nestor Humberto a few years ago and was by the same name. But instead of Martinez Beltrán, it was Martinez. Naije then ends up with oil hiring last or through his son with Néstor Humberto Martínez, as it is a thing like almost incredible. I suppose even the furrifying Petrists will be very strikingly impressed. And I' m not surprised then that the concept of the destor Néstor Camilo Martínez, is to tell Copetrol not fresh, that is, here we go, we are shooting while he arrives at the order of Bogotá, as they said of General Masa, because what he is telling

16:03 him is that yes, it is that things there regulation. But, well, that' s settled by paying a lot. Let' s not worry, not how they can be running a company of this caliber, of that one, that way a thousand Thanks to former owner Jorge Rique Robredo, He and other small shareholders of Copetrol are preparing a letter to send it to the president of the company today. I hope the Colombians can know more about what ' s going on in Ecopetón, which has become so opacious. Well, there' s a bonus track as stealthily as in Ecopetrol. The prosecutor delegated to the Supreme Court of Justice Gilberto Villarreal, who conducts the case against former President Alvaro Uribe, for bribery of witnesses and procedural fraud I quote to testify yesterday Tuesday Alex Cabecilla for military rescue Mancuso, prosecutor Villarreal, who received this task from Attorney General Francisco Barbosa, only told the representatives of the victims on Monday afternoon, when there were a few hours left for the investigation. Several of them were unable to attend the last- minute summons of prosecutor Villarreal, who, like his predecessors, seems another member of the former president' s defense and not his accuser. However, the play went wrong again. The appointment was so last minute that Mancuso was not able to be ready to attend to it. As a result, it was set for another day. On that date, all parties will be able to attend, including victims who have interesting questions for Salvatore Mancuso. This was today' s Colonel report. Thank

17:37 you very much.