Former Giro Bank Director accused of embezzling $10 million

News about this airline - please include a link to the source as well as the article text itself.
Web site: http://www.flydae.com/
User avatar
bimjim
Forum Administrator
Forum Administrator
Posts: 29334
Joined: Fri May 12, 2006

Former Giro Bank Director accused of embezzling $10 million

Unread post by bimjim » Fri Jul 22, 2016

http://curacaochronicle.com/main/update ... n-dollars/

Update:
Former Giro Bank Director accused of embezzling 10 million dollars
Thu, Jul 21st, 2016

WILLEMSTAD

Eric Garcia, the former Director of the Giro Bank was arrested by members of the Criminal Investigation Cooperation Team (RST) on behalf of the Public Prosecution (OM).

The former Director is suspected of embezzling more than 10 million dollars in a bankruptcy settlements. He was involved as one of the curators. In a press release emitted by the OM, they indicate that Garcia used forged documents to embezzle millions of U.S. dollars. The local T.V. station TeleCuraçao reported that the company from which he embezzled all that money is the former local airline Dutch Antilles Express (DAE). But this was not confirmed by the Public Prosecution. According to the OM, Garcia was involved in many bankruptcy cases.

According to the OM, Garcia is so far the only suspect in this case. One thing is clear since the RST is involved it could mean that it is a cross-border crime. Garcia has been in police custody since his arrest and is expected to be arraigned tomorrow. The magistrate will test the lawfulness of his arrest and detention. If the arrest is lawful, the judge may extend Garcia’s detention for more eight days pending investigation and interrogation.

Giro Bank files complaint

In June 2015 Giro Bank filed a complaint against its two former Directors, Eric Garcia and Stephen Capella. According to the bank, its former directors did not act in accordance with the guidelines of the bank. Both Garcia and Capella were accused by the bank of fraud and embezzlement.

The two former directors invented a loan and used a false bank guarantee and other documents. The loan of nearly 7.3 million dollars went to companies owned by the former directors. There was an improper transaction of 3 million dollars. In total, an amount of more than 10 million dollars was ‘stolen’ by the two gentlemen.

The OM did not give any information about the involvement of Stephen Capella in this case.

User avatar
bimjim
Forum Administrator
Forum Administrator
Posts: 29334
Joined: Fri May 12, 2006

Garcia arrested for embezzling Venezuelan bank

Unread post by bimjim » Sat Jul 23, 2016

http://curacaochronicle.com/main/update ... elan-bank/

Update:
Garcia arrested for embezzling Venezuelan bank
Fri, Jul 22nd, 2016

WILLEMSTAD

“It’s not the Dutch Antilles Express (DAE), according to an information we’ve received from the lawyer Mrs. Valerie Maria, who filed a complaint against Eric Garcia, which resulted in his arrest,” said the popular reporter Godfried Adem on his news site GMAN News.

Eric Lion Garcia, the former Director of Giro Bank in Curaçao, has lied about depositing a large sum of money, 11 million dollars, on an account at the Maduro & Curiel’s Bank (MCB) in Curaçao. This is absolutely not true. Instead, he deposited the money in his own bank account.

“Garcia said that he was going to deposit this money at Banco de Maracaibo, but this bank was later declared bankrupt and he was appointed as one of the curators, together with lawyers Robert Blauw and Valery Maria.

After a while, Mrs. Valery Maria requested information about the deposit at the MCB Bank. She started an investigation to know whether Garcia had really made that deposit or not. MCB notified her that the deposit never took place. This is when she filed the complaint against Garcia at the Public Prosecution (OM).

The documents Garcia had sent to Maria and the OM as proof of deposit were forged. After Maria filed the complaint, OM immediately started an investigation, which led to Garcia’s arrest.

Post Reply

Return to “Dutch Antilles Express - Curaçao”