Yesterday the general prosecutor Galo Chiriboga, announced the resumption of the investigations to establish those responsible of the granting of an $ 800,000 loan to the Argentinean businessman Gaston Duzac by COFIEC bank, property of the Trusteeship Management Unit AGD-CFEN, due to the fact that it did not have formal guarantees.
Chiriboga assured that it would not be necessary to investigate the previous report of the Comptroller, since the case is about an alleged embezzlement felony. These comments were made after the annulment of the judicial process started against Omar Unda and Roberto Sandoval, former members of COFIEC’s board.
The Prosecutor’s Office accused the former directors of approving the loan through emails without previously reviewing the necessary documentation. Regarding the request of the Comptroller of incorporating a report, Chiriboga stated that “such request is not pertinent” since the case under investigation is controlled by the Superintendency of Banks.
The document presented last October 4, stated that the bank superintendent Pedro Solines talked about that several loans, including Duzac’s, were linked by the poor management of public goods.