Operators of Scandal  Plagued Brokerage  to Court April 1

West Valdés  and Iván Clare, the founders of the liquidated Financial Pacific (FP) brokerage firm  which has been the center of multiple  corruption investigations  involving leading figures  during the Martinelli administration will face a preliminary hearing in the Twelfth Criminal Court .on April 1, 2020 for alleged fraud against Caye International Bank Ltd

The bank  registered in Belize could not recover the investment in FP after it  was intervened in 2012 by the Stock Market Superintendence which  concluded in a forced liquidation due to financial mismanagement.

In 2017, the court authorized the Public Ministry to reopen the case and gave it an extension year.

In addition, this process also includes Óscar Rodríguez, former FP accountant; and former employees of the securities house Mayté Pellegrini and José Jaén.

Other cases are pending.