Yesterday the Bank Superintendent, Pedro Solines, gave controversial information to the Prosecutors Commission office of the National Assembly about COFIEC. The report not only confirmed that the credit of $800,000 given to Gaston Duzac had irregularities, it also warned about other operations made outside the legal regulations.
Solines explained the Assemblymen that after the hearing, the Bank Superintendency called it a presumption linked loan. This managed that it was processed as any other loan of companies administrated by the Unity of Public Right of the Trust AGD-CFN. “No more impunity (Ugedep), because they delivered without fulfilling the requisites of the law. That unit owns COFIEC.”
In the meeting with the assemblymen of the opposition, led by the socialist Silvia Delgado, Solines pointed out that Duzac left blank spaces in the guarantees section of the document he signed for the credit. Meanwhile the president of COFIEC, Germanico Maya, justified that its members don’t have the “possibility to make follow ups on credit processes, the board doesn’t looks for it, it doesn’t receives guarantees, and do not make a follow up at all.”
Afterwards Solines stated that actions such as fines of $7 thousand along with the removal of officers and directors will be carried out. However some of those people are no longer in COFIEC, but they will be fined and won’t be able to have charges in financial entities. Finally he said he will perform a denounce to the Prosecutors about the use of companies guarantees that are owned by the State. AV