The former executive president of COFIEC bank, Antonio Bunay, was a key player for the approval of the credit given by the financial entity to the Argentinean Gaston Duzac, despite the warnings of the Credit Committee that the operation did not had the respective guarantees.
This is how Duzac received the $ 800,000 on December 19, 2011, the next day he made two international transfers, afterwards he vanished without leaving a trace. During the recording about the approval made by the Credit Committee, the contempt and doubts of its members can be heard due to the lack of documents and guarantees. However Bunay dismissed all doubts and since he led the session he gave his word to the team by saying that “in the way this business is being handled and due to the relation that it has, I have no doubt that this investment would be transferred to the Central Bank.”
Previously Bunay assured that Duzac was guaranteed by Rocafuerte Insurance, “due to the link it has with the Trust.” The decision of the Credit Committee was debated for an hour and ten minutes, the Credit manager, Patricia Sandoval “We don’t have an insurance that at any rate he leaves for his country.” Regarding the session that approved the credit on December 9, 2011, there are two documents, and one is a sketch that points out that the credit would be approved as long as it has guarantees that support it. The contents of the final document were modified so it accepts the certification of Rocafuerte Insurance. AV