The report on the financial condition of the Territorial Bank sent by the Superintendence of Banks and Insurance, caught the attention of the Prosecutor’s Office, which found possible links of that bank with money laundering activities between December 2012 and March 2013.
On declarations to Expreso Newspaper, Paul Ponce, Guayas District Attorney revealed that the first suspicious movement brought $ 56 million to the bank reserves. “The deposits of the Territorial Bank increased in an unusual way“. It is also discussed the matter of an “artificial management with extraordinary transactions that do not correspond to the business line.”
It is known from the banking history of the Territorial bank, that from January 3 to March 11, a transfer abroad was made to the Transatlantic Bank in Panama for $ 49 million. “These are values that enter and leave shortly after, then the Prosecution begins to presume not only a crime of embezzlement, but conducts an investigation into possible money laundering,” said Ponce.