Fernando M. Director of the Deportivo Quito, was arrested along with four others (his wife Myriam R., and his son David M. and Lourdes D. Jorge S.), in the midst of a criminal trial for an alleged money-laundering.
The financial analysis unit made several inquiries and coordinated investigations with financial intelligence, the SRI and the police unit before making the arrests.
The former leader of the Catalan frame was legal representative of an insurance company that operates in the country. He was in office from 15 June 2006 to 6 July 2012.
After his departure from the post, the shareholders conducted an audit to his management and met with alleged anomalies. Therefore, they filed a lawsuit in court 10 civil of Pichincha, on 31 January 2013.
According to the complaint, Fernando M. opened a corporate account in Helm Bank, in United States Bank, without reporting it to the company. Assets laundering unit obtained evidence that that account was used for the diversion of about USD 10 million from the insurance company, using a Panamanian company, which partners are his wife, Myriam R., and his son, David M.