Regulator charged with corruption in brokerage case

CORRUPTION charges linked to the Financial Pacific scandal have been filed against the former director of the Superintendency of Securities (VPS) by the Third Anti-Corruption Prosecutor’s Office

Ignacio Fábrega is accused of corruption of public servants following a complaint filed against him by the Superintendency, due to the alleged leak of confidential data to the brokerage Financial Pacific (FP) 

Among the evidence contained in the record are emails containing confidential information sent by Fábrega to FP directors while still exercising his office as a regulator.
This was the conclusion reached by the Third Anti-Corruption Prosecutor’s Office, after reviewing all the evidence against Fábrega on a complaint filed by the Superintendency (SMV).
The former official would have used their institutional email to reveal and communicate instructions given by the board of the SMV, and complaints by customers of the brokerage firm reports La Prensa
He also told them how to answer the requirements of the regulator and how to deal with customer complaints.

“They have not notified me of anything. I know nothing and I repeat, I am innocent, “Fabrega said Wednesday, October 9 when asked about the charges against him
For the prosecution, there is sufficient evidence to conclude that thers is a crime against public administration, specifically in regard to corruption of public officials, specifically referred to in Article 348 of the Penal Code. Says La Prensa
If found guilty Fabrega could face imprisonment from four to eight years “.

Just after submitting his resignation to the SMV on June 30, 2014, La Prensa revealed that Fábrega had agreed to work for Financial Pacific, then being operated by the supervisory body, which subsequently ordered FP’s forced liquidation.