Monday, October 2, 2023

Despite the intervention, Comfenalco Antioquia continues to operate normally

“At Comfenalco Antioquia we reaffirm our commitment to supporting and delivering our programs and services.”

With this message on the social platform

This compensation fund reportedly has a total population of 928,734 people. Of these, 460,127 are affiliated and the relatives of affiliated employees: 468,607. In addition, there are 21,610 affiliated companies that made contributions worth P290 billion this year.

“We respect the decision of the Family Subsidy Superintendency,” the box reads, without elaborating on the precautionary measures ordered against them.

Hours before learning the procedure ordered by the Superintendence, Comfenalco Antioquia had highlighted that between January and August 2023 it had invested more than 14.4 billion pesos in economic support for the unemployed.

The announced intervention, which will initially last 12 months, was ordered after the remaining contributory and subsidized funds from the liquidation processes of the health programs, amounting to about $ 10,000 million, were transferred to a trust that has not been owned by the trust since 2021 The company under private law, whose company name corresponds to Mando Salud, acts as trustor and beneficiary, whose shareholders are three natural persons, which creates a legal and financial risk for the cash participation.

In 2011, the financial problems of the health sector in which Comfenalco Antioquia was involved also caused difficulties for the company, which subsequently added 250,000 million pesos of debt, including debt for the construction of a clinic in the west of Medellín, to the portfolio and debt to the financial sector. The savings bank’s financial result was negative in 2011 for the first time in 55 years of existence.

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
Latest news
Related news