16 called to state bank trial

The building where the controversial loan was approved.
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A DATE has been set for the preliminary hearing of the criminal proceedings over the Caja de Ahorros (CA)  case over questionable loans, but how many of the 16 high profile defendants will appear in court is questionable.

The 13th Circuit Criminal Court has set the date as

from March 27 to 29.

Among the  defendants are Riccardo Francolini, former CA chairman from 2009­2014, as well as other ex-board members Ricardo Chanis, Anastacio Ruiz De  Leon, Fernando Correa and Ricardo Arango Pezet.

Also charged are former bank officials Jayson Pastor and Rodrigo Arosemena Pino.

Francolini and Pastor are detained pre­emptively in the case.

According to prosecutors, the bank officials “did not act as social guards responsible for the correct and timely fulfillment of the duties and administration of the assets given in their custody.”

The case specifically relates to a line of credit granted to the consortium HPC Contratos­P&V

for the construction of the Amador convention center in 2012.

Others involved in the case are Felipe Pipo Virzi, who has used a number of ploys to dodge trial in other cases,Tobias Garrido, Jairzon Hurtado, Manuel

Morales, Ricardo Calvo, Claudio Poma Murialdo, Mauricio Ortiz.

The list also includes West Valdes and Iván Clare, ex­directors of Financial Pacific (FP). Who have  links to another scandal involving ex-president Ricardo Martinelli.

Both suspects have fled the country.

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