Judge set a deadline of 72 hours for Topic to deposit USD 13.5 million to the State

Ecuadornews:

It took a criminal judge one hour to define a deadline of 72 hours for the businessman Tomislav Topic to deposit USD 13.5 million that he promised to consign in favor of the State.

The diligence was carried out at 4:30 p.m. on this Wednesday, February 27, 2019, at the Penal North Criminal Model Unit, in Guayaquil, and concluded at 5:30 p.m. Prosecutor Richard Alvarado, who is handling the case, said that the Telconet S.A.

He must also transfer the money to the Real Estate accounts within the established period. “Mr. Topic must deposit the 13.5 million in 72 hours, he will see if he makes one or several transactions,” Alvarado said.

Topic committed from last January 14, 2019 with the Financial Analysis Unit (UAFE) to return that amount of money that the Chinese company Glory International Industry allegedly deposited Telconet between 2012 and 2013. The prosecutor mentioned that the case by alleged Money laundering will continue in previous investigation.

Also they will request international criminal assistance to China to investigate the Glory company. For his part, Topic’s defense attorney, Jorge Zavala Luque, said they accept the judge’s decision. He said that they will analyze with their client how many transactions they will carry out. (I)

Source: https://www.elcomercio.com/actualidad/juez-plazo-pago-tropic-investigacion.html#cxrecs_s