Court negates appeal of brokerage directors
THE TWO former directors of the scandal plagued former brokerage Financial Pacific (FP)got another setback this week when Judge María de Lourdes Estrada, the court rejected their appeal that the Anti-Corruption Prosecutor’s office had practised outside judicial proceedings in their investigation.
The court ruled that the prosecution at all times respected the constitutional guarantee of Ivan Clare and Wes Valdés.
The prosecution requested the summoning of Clare and Valdés, and 14 others in an investigation related to the alleged diversion of a $9 million loan granted in 2012 by the Caja de Ahorros (CA) to the consortium HPC-Contracts & PV for the construction of the Amador Convention center
Valdés is detained in El Renacer after being deported from the Dominican Republic. Clare has fled the country.
Financial Pacific is entwined in a series of investigations including alleged stock market manipulation involving an account belonging to ex-president Ricardo Martinelli.
