Intervention at COSAVI: Attorney General’s Office and SSF Crack Down on Fraud – 32 People Prosecuted

2024-05-10 03:11:15

The Attorney General’s Office of the Republic, and the Superintendency of the Financial System, intervened tonight at the facilities of the Santa Victoria Savings and Credit Cooperative Association of RL (COSAVI) for signs of fraud once morest the public economy, money and asset laundering, and special cases of money and asset laundering.

At a press conference tonight, Attorney General Rodolfo Delgado announced that the measure seeks to protect the associates’ money, and explained that the investigation has been going on for months.

He advanced that To date, 32 people have been prosecuted, including eight executives of the Cooperative.

“What we have detected is that senior executives of that financial entity were the ones who sent an amount of approximately $35 million that was stolen at different times from the assets of the Cooperative, all of this to the detriment of the members,” the prosecutor said.

At the time of the intervention, COSAVI was in the process of becoming a cooperative bank before the SSF. However, the authorities discovered that they were taking money from savers to the United States and Germany.

The @FGR_SV has carried out the corresponding legal actions, prosecuting 32 people related to the crimes of money laundering and defrauding the public economy.

The @SSF_ElSalvador has transferred a team of professionals to COSAVI, with the aim of ensuring the… pic.twitter.com/bou7WQK8Q8

— The Page Newspaper (@LaPagina) May 10, 2024

«The Superintendency, together with the FGR, will continue working to protect the interests of the associates and to guarantee that those responsible are held accountable before the law. We ask for information through the official channels of COSAVI and the SSF to avoid speculation,” said the Superintendency in a statement shared on X.

For a few days now, rumors have been leaked on social networks that the institution was in financial problems, since the partners might not withdraw money or carry out other errands, without the employees giving further explanations. The complaints have been growing every time.

1715328138
#Prosecutors #Office #intervenes #COSAVI #due #signs #fraud #money #laundering #crimes #Diario #Página