$10 million claim against failed FP brokerage
THE SAGA of the Financial Pacific brokerage, which includes a “disappeared auditor presumed dead, stabbings and death threats, and links to Ricardo Martinelli and alleged stock market manipulation and vanished millions, has opened a new chapter.
Alejandro Abood, a former director of the Superintendency of Securities, has filed a $10 million claim against the failed brokerage.
Abood has claimed that his reputation and honor were affected when FP directors West Valdés and Ivan Clare filed a criminal complaint against him for abuse of authority and violation of the duties of a public servant.
He has claimed that the dissolution of the firm and the distribution of assets should be halted until outstanding claims, including his, can be resolved, reports La Prensa
The criminal complaint against Abood was filed in January 2013 after he ordered an investigation into the firm in October 2012.
The claim was dismissed, but Abood said that it damaged his reputation. He resigned in February 2014 after receiving death threats.
If the claim was decided in his favor, the settlement would have to be paid out of the firm’s assets and could not come from investor accounts.
The compulsory liquidation of FP was ordered in August 2014, but it was not completed until December 2015.
