Buñay is pointed out as responsible of $ 800,000 credit granted to Duzac

The president of the Cofiec bank, Antonio Buñay, was pointed out as the authority who allegedly “pushed” the credit official to irregularly grant a $ 800,000 loan for the Argentine businessman Gaston Duzac, despite having no guarantees.

This revelation was made by Antonio López, Pedro Zapac lawyer, former president of the Insurance company Rocafuerte, this March 2 on the first day of the adjudication hearing of the case, which seeks to determine those responsible for the alleged crime of bank embezzlement.

In this process, nine people are accused, including Buñay, Zapac, Pedro Delgado (president of the board of the Central Bank), and his brother-in-law, Francisco Endara, former secretary of the AGD Trust.

According to Lopez, Buñay allegedly misled the Credit Committee when he said that the Argentine gave him the guarantees documents of theRocafuerte Insurance company.

The hearing could take between one and two weeks, since the intervention of 60 witnesses, 40 of which attended the court on Monday, March 2 is planned. While the 20 who did not attend, Judge Luis Enriquez noted they will be required through preventive measures.