The Argentinean businessman Gaston Duzac, through an email gave instructions to the former president of COFIEC, Antonio Bunay, of how he wanted the Money transfers. The mail sent to Bunay was given by the assemblymen Andres Paez, “Dear Antonio, I explain how I make myself credit to $ 800,000 in three parts.”
The first amount was of $ 390,000 which would go to Sempione Bank in Lugano, Sweden; the second amount of $ 400,000 would go the JP Morgan Chase New York Bank, and the third and last amount of $ 10,000 would be collected in cash.
The mail was sent by Duzac to Bunay on December 16 of 2011, however in that date the board still hadn’t approved the credit. The decision was made three days later after a meeting in which it was authorized with an exception, “until the pending completion of the mortgage and the guarantees proposed by Rocafuerte Insurance be unconditional, achievable and irrevocable.”
Despite this condition, during the afternoon of December 19, Bunay made the credit order signing it in four locations of the document, since the managers of Credit and Risks had refused to do it. AV
