The Attorney General, Rodolfo Delgado, announced tonight that the judicial prosecution of 32 individuals is being carried out, 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 sending some $35 million stolen from the cooperative’s assets on different occasions, harming its members.”
In addition, he pointed out that several executives had considerably 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 US authorities to track and recover those funds.
Currently, COSAVI is under the administration of a team of auditors appointed by the Superintendence of the Financial System (SSF), who detailed that the financial company was in the process of becoming a cooperative bank of the SSF at the time of the intervention.