CONFORMED COPY
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1933
For the month of July 2004
BANCOLOMBIA S.A.
(Translation of Registrant's name into English)
Calle 50 No. 51-66
Medellin, Colombia
(Address of principal executive offices)
(Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.)
Form 20-F X Form 40-F
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(Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes No X
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(If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82-______________.)
This Report on Form 6-K shall be incorporated by reference into the registrant's
registration statement on Form F-3 (File No. 333-12658).
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
BANCOLOMBIA S.A.
(Registrant)
Date: July 9, 2004 By /s/ JAIME ALBERTO VELASQUEZ B.
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Name: Jaime Alberto Velasquez B.
Title: Vice President of Finance
[BANCOLOMBIA LETTERHEAD]
PROSECUTOR'S OFFICE RESOLVES APPEAL IN FAVOR
OF BANCOLOMBIA
Medellin, July 9, 2004.
In a new favorable decision for BANCOLOMBIA, the prosecutor's office before the
Colombian Penal Supreme Court, confirmed yesterday the previous decision of the
Special Unit of the prosecutor's office for Crime against Public Administration,
in which this Unit declined to initiate penal action against Mr. Jorge Londono
and Mr. Federico Ochoa, President and Executive Vicepresident of the Bank.
The investigation was initiated due to the imputations made by the Gilinsky
family, according to which, in the process of acquisition and further merger of
Banco de Colombia and Banco Industrial Colombiano, crimes of fraud, unauthorized
operations with shareholders and improper use of public resources, among others,
had been committed. Additionally they presented several civil law suits against
BANCOLOMBIA, as civil liable, demanding substantial indemnifications.
When resolving plaintiff's appeal against first instance decision dated December
26th, 2003, the above mentioned prosecutor's office reiterated that referred
crimes were not committed by BIC's (now BANCOLOMBIA's) officers, and that their
behavior was in complete compliance with the law, confirming therefore the
previous decision of declining to initiate penal action against them. As a
consequence, liability of the Bank cannot be predicated either.
The prosecutor's office decision is final and therefore there is no appeal
against it.
CONTACTS
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SHAREHOLDERS AND INVESTOR RELATIONS OFFICE
investorrelations@bancolombia.com.co
Fax: (574) 231 7208