Colombia, Latin America’s murder capital when Pablo Escobar ran the Medellin drug cartel in the 1980s, produced the region’s best risk-adjusted stock returns over the past decade as improved security bolstered economic growth and foreign investment.
The last time Javier Diaz saw his father was when he was 14 and Colombian paramilitaries accused the elder Diaz of supporting guerrillas. That was equal to a death threat at the height of Colombia’s now five-decades-long internal war.
Mexican presidential frontrunner Enrique Pena Nieto named General Oscar Naranjo, the former head of the Colombian national police, as his top security adviser, pledging to launch a more effective fight against the nation’s drug cartels should he win the election in two weeks.
The interception in Colombia of a plane carrying almost half a metric ton of coca paste bound for Mexico is a sign Mexican drug cartels are switching from importers to manufacturers, according to Colombian police.
Using the alias SuperTrips, a 22- year-old Dutch man dealt drugs including cocaine, ecstasy and LSD for millions of dollars worth of the virtual currency bitcoin through a black-market website, a U.S. prosecutor said.
Billionaire investor Sam Zell’s Equity International is in talks to invest in Mexican and Colombian real-estate firms as economic growth prospects outweigh drug-fueled violence, Chief Executive Officer Gary Garrabrant said.