The Economic Crimes Prosecutor, Gilberto Rodríguez, also charged Alberto Iglesias with fraudulent corporate insolvency.
He former president of Casa de Galicia, Alberto Iglesiaswas charged with bankruptcy fraud and fraudulent corporate insolvency by the Prosecutor for Economic and Complex Crimes, Gilberto Rodríguezafter he signed seven payment orders prior to the historic mutual company’s bankruptcy request.
Although a preventive detention was not set, the former head of Casa de Galicia must now establish an address and will be prohibited from leaving the Uruguay until next May 31, according to radio Montecarlo. In turn, prosecutor Rodríguez pointed out that the investigation into Iglesias could be expanded.
From the Attorney General’s Office They explained that no more intense precautionary measures were requested for Iglesias, since he “has always been available.” However, they stressed that the information collected for more than two years “complies almost 100%” with the information needed for the case.
“When someone runs a company they cannot privilege creditors”
The prosecutor himself Rodriguez explained in a simplified manner what the accusation of fraudulent corporate insolvency is about, commenting that “when someone runs a company and has creditors, they have to pay the credits in a certain order and cannot pre-order or privilege creditors.”
Likewise, he indicated that the bankruptcy fraud “has several modalities”, but it basically occurs “when information is hidden within the scope of a contest.” “The bankruptcy is a judicial procedure by which, when a company can no longer pay its debts, it requests the assistance of the Judiciary to appoint technicians to be able to face payments in the judicial field,” he explained.
Asked about whether Churches is the only one responsible, he said that for now yes, although “the Prosecutor’s Office is analyzing some other possible responsibilities” on the part of other officials.
On the other hand, it was reported that as part of the irregularities, a payment of $180,000 was made on a property that owed to House of Galicia, but it ended with another destiny.
Source: Ambito
