Ricardo Roa Leaves Ecopetrol Amid Scandals and Legal Issues
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Ricardo Roa, the former president of Colombian state oil company Ecopetrol, stepped down on July 30, 2026, amidst multiple scandals and legal investigations. His departure comes after a leave of absence and coincides with ongoing criminal causes, an electoral sanction, and multi-million dollar embargoes. Roa's tenure was marked by controversies such as alleged irregularities in Gustavo Petro's 2022 presidential campaign, the purchase of an apartment linked to suspected influence peddling, and a USD 5.8 million contract with Covington & Burling LLP that generated discomfort within the board of directors. Despite these issues, Roa highlighted progress in the energy transition during his time at Ecopetrol.
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