Attorney General Rodolfo Delgado announced tonight that 32 individuals are being prosecuted, including 8 senior executives of the Santa Victoria Savings and Credit Cooperative Association, RL (COSAVI, RL).
These people are accused of committing various crimes such as: public fraud, money and asset laundering, money laundering in special cases and illicit associations.
Delgado explained that “COSAVI executives are involved in the transfer of approximately $35 million stolen from the cooperative’s assets on different occasions, harming its members.”
He also pointed out that several executives had significantly increased their personal assets, for this reason, the FGR will determine how long these executives had been carrying out such “unethical and corrupt” activities.
Delgado also mentioned that a portion of the diverted money was transferred abroad, which has led the FGR to coordinate efforts with U.S. authorities to track and recover those funds.
COSAVI is currently under the administration of a team of auditors appointed by the Superintendency of the Financial System (SSF), which explained that the financial institution was in the process of becoming a cooperative bank of the SSF at the time of the intervention.
#FGR #intervenes #COSAVI #illegal #theft #million
