Vice Presidency responds to Andrés Páez allegations

The Vice President, Jorge Glas, warned in a statement with taking legal actions against those who affect his honor and reputation. He said this, after the public presentation of a document that would detail alleged international banking transactions for $ 22’867.000, in which he would be involved.

The CREO lawmaker Andrew Paez said he sent a letter urging him to investigate “alleged and suspicious transactions of more than $ 22 million José Alvear and Ricardo Rivera Aráuz would have received in their favor,” which would be linked with the Vice President.

José Alvear is an executive of the health insurance company Caridel, while Ricardo Rivera Aráuz, according to the Superintendency of Companies, is a partner in companies such as Satellite TV, Transmitados, Raloin and Ingelectra, and was also Intendant of Telecommunications at the beginning of this government, when Glas was President of the Solidarity Fund.

The documents, which according to Páez, arrived to his office anonymously, would indicate the alleged 27 transfers.

Paez said that supposedly, in favor of Rivera, “13 transfers would have been made from The Hong Kong and Shanghai Banking Corporation (HBSC) for $ 17’435.000 which were deposited into his account 114-43631981951, in Masor Islands (Indian Ocean). And Alvear, apparently, received the balance of $ 2’900.000 in 14 transfers from HBSC banks in Panama, Banisi and Austrobank.”

The Vice presidency called “biased and unfounded” the statements of Paez.